Is SUNation Energy, Inc. (SUNE) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 483.3% / 30% | 19.9% / 30% | 129.4% / 30% | 5.74% / 5% | ✗ NOT HALAL |
| DJIM | 483.3% / 33% | 19.9% / 33% | 129.4% / 33% | 5.74% / 5% | ✗ NOT HALAL |
| MSCI | 44.7% / 33% | 1.8% / 33% | 12.0% / 33% | 5.74% / 5% | ✗ NOT HALAL |
| S&P | 483.3% / 33% | 19.9% / 33% | 129.4% / 33% | 5.74% / 5% | ✗ NOT HALAL |
| FTSE | 44.7% / 33% | 1.8% / 33% | 12.0% / 50% | 5.74% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 38.3% | |
| Operating Margin | 10.7% | |
| Net Margin | -15.1% | |
| Return on Equity (ROE) | -66.2% | |
| Return on Assets (ROA) | -2.2% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$6M |
| Free Cash Flow | -$6M |
| Total Debt | $20M |
| Debt-to-Equity | 41.3 |
| Current Ratio | 1.1 |
| Total Assets | $46M |
Price & Trading
| Last Close | $3.17 |
| 50-Day MA | $1.47 |
| 200-Day MA | $1.44 |
| Avg Volume | 4.0M |
| Beta | 4.4 |
|
52-Week Range
$0.68
| |
About SUNation Energy, Inc. (SUNE)
SUNation Energy Inc. engages in the design, installation, and maintenance of photovoltaic solar energy systems and battery storage systems in the United States. Its brand portfolio includes SUNation, SUNation Energy, Hawaii Energy Connection, E-Gear, Sungevity, and Horizon Solar Power. The company also develops and offers energy management software and hardware, such as energy management control devices on solar systems that are paired with batteries. It also serves residential homeowners, as well as commercial owners, other municipal customers, energy services companies, and other utilities. Additionally, the company offers energy and grid services. SUNation Energy Inc. was founded in 1969 and is headquartered in Ronkonkoma, New York.
Related Halal Stocks in Technology
Frequently Asked Questions
Is SUNation Energy, Inc. (SUNE) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), SUNation Energy, Inc. is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is SUNation Energy, Inc.'s debt ratio?
SUNation Energy, Inc.'s debt ratio is 483.3% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 44.7%.
What are SUNation Energy, Inc.'s key financial metrics?
SUNation Energy, Inc. has a market capitalization of $8M, and revenue of $57M. The company maintains a gross margin of 38.3% and a net margin of -15.1%. Return on equity stands at -66.2%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.