Is TIGO ENERGY, INC. (TYGO) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 17.7% / 30% | 8.4% / 30% | 3.4% / 30% | 1.61% / 5% | ✓ HALAL |
| DJIM | 17.7% / 33% | 8.4% / 33% | 3.4% / 33% | 1.61% / 5% | ✓ HALAL |
| MSCI | 57.8% / 33% | 27.3% / 33% | 10.9% / 33% | 1.61% / 5% | ✗ NOT HALAL |
| S&P | 17.7% / 33% | 8.4% / 33% | 3.4% / 33% | 1.61% / 5% | ✓ HALAL |
| FTSE | 57.8% / 33% | 27.3% / 33% | 10.9% / 50% | 1.61% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 42.8% | |
| Operating Margin | 1.1% | |
| Net Margin | -1.8% | |
| Return on Equity (ROE) | -10.4% | |
| Return on Assets (ROA) | -3.7% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$12M |
| Free Cash Flow | -$14M |
| Total Debt | $42M |
| Debt-to-Equity | 9.7 |
| Current Ratio | 1.5 |
| Total Assets | $73M |
Price & Trading
| Last Close | $3.97 |
| 50-Day MA | $3.61 |
| 200-Day MA | $2.17 |
| Avg Volume | 773K |
| Beta | 1.2 |
|
52-Week Range
$0.58
| |
About TIGO ENERGY, INC. (TYGO)
Tigo Energy, Inc., together with its subsidiaries, provides solar and energy storage solutions worldwide. It offers module level power electronics (MLPEs) to maximize the energy output of individual solar modules for utility, commercial, and residential solar arrays. The company also provides GO Energy Storage Systems that provide solar energy storage management capabilities, and energy resilience in the event of a grid outage and optimizes energy consumption based on rate plans for home energy needs; and Energy Intelligence (EI) platform, which provides monitoring and energy demand forecasting capabilities, as well as Predict+, an energy consumption and demand forecasting software. In addition, it offers GO Battery modular, scalable energy storage system; GO Inverter, which offers energy conversion for home consumption or export to the grid; GO Link/Automatic Transfer Switch (ATS), a component for battery backup of on-grid systems; Tigo Predict+ for energy demand forecasting; and GO Electric Vehicle (EV) Charger to reduce transportation costs. Further, it provides monitoring services. The company offers its products through distributors and solar installers. Tigo Energy, Inc. was founded in 2007 and is headquartered in Los Gatos, California.
Purification Calculator
As a halal stock with 1.61% impermissible income, you need to purify your dividends.
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Frequently Asked Questions
Is TIGO ENERGY, INC. (TYGO) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), TIGO ENERGY, INC. is Halal. The company passes all financial ratio thresholds for debt, cash, receivables, and impermissible income. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is TIGO ENERGY, INC.'s debt ratio?
TIGO ENERGY, INC.'s debt ratio is 17.7% 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 57.8%.
Does TIGO ENERGY, INC. require dividend purification?
Yes, TIGO ENERGY, INC. has an impermissible income ratio of 1.61%, which means 1.61% of any dividends received should be donated to charity as purification. This is because a small portion of the company's revenue comes from non-Shariah-compliant sources.
What are TIGO ENERGY, INC.'s key financial metrics?
TIGO ENERGY, INC. has a market capitalization of $302M, and revenue of $54M. The company maintains a gross margin of 42.8% and a net margin of -1.8%. Return on equity stands at -10.4%.
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.