Halal Solar stocks
There are 22 listed US companies in Solar: 11 of them (50%) pass AAOIFI screening, 11 are not halal, 0 are doubtful and 0 lack enough data. The industry belongs to the Technology sector.
Companies in this industry — screening result
- Halal11 · 50%
- Not halal11 · 50%
- Doubtful0 · 0%
- Not enough data0 · 0%
22 listed companies in total
Not halal — by reason
11 companies are currently not halal. One company can fail for several reasons; the interest-income test only applies once the debt and cash ratios pass.
- Interest-bearing debt ≥ 30% (of market cap)10 · 91%
- Cash & investments ≥ 30%6 · 55%
This is a general observation, not a fatwa. Every company is screened individually — the result is on its own page, with the ratios. Methodology
Largest halal stocks — Solar
The 11 largest by market cap. Open any row for the full stock page — ratios, formula and date.
| # | Company | Market cap | Price | Debt | Cash | Interest income |
|---|---|---|---|---|---|---|
| 1 | $19.50B | 172.64 | 0.3 | 8.1 | 1.6 | |
| 2 | $12.75B | 80.04 | 0.0 | 12.4 | — | |
| 3 | $3.95B | 30.62 | 14.8 | 23.8 | 4.3 | |
| 4 | $1.89B | 31.36 | 15.6 | 23.4 | 1.4 | |
| 5 | $1.31B | 7.17 | 15.3 | 1.2 | 0.1 | |
| 6 | $63.8M | 0.8246 | 3.5 | 14.2 | 0.9 | |
| 7 | $36.2M | 1.07 | 6.9 | 2.5 | — | |
| 8 | $32.8M | 2.255 | 23.5 | 14.9 | 0.1 | |
| 9 | $27.3M | 1.61 | 28.4 | 12.6 | 0.0 | |
| 10 | $22.4M | 0.2550 | 3.9 | 10.9 | — | |
| 11 | $20.3M | 0.8928 | 0.3 | 1.9 | 0.2 |
Ratios in percent; limits: debt < 30%, cash < 30%, interest income < 5%.
See the whole market in the screener
The public page is a sample. The screener filters by industry, sector and halal status: sort every Solar stock by 40+ metrics (P/E, margins, growth, technicals).
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Parent sector
All halal stocks in TechnologyOther industries in Technology
- Software - Application115 / 221 halal
- Software - Infrastructure76 / 179 halal
- Semiconductors40 / 69 halal
- Information Technology Services33 / 77 halal
- Electronic Components28 / 45 halal
- Communication Equipment24 / 45 halal
- Semiconductor Equipment & Materials19 / 30 halal
- Scientific & Technical Instruments18 / 32 halal
- Computer Hardware13 / 44 halal
- Consumer Electronics8 / 19 halal
Frequently asked questions
- Which Solar stocks are halal?
- According to our AAOIFI-based screening, 11 of 22 listed Solar companies are halal. The largest by market cap: First Solar, Inc. (FSLR), Nextpower Inc. (NXT), Enphase Energy, Inc. (ENPH), SolarEdge Technologies, Inc. (SEDG), Shoals Technologies Group, Inc. (SHLS). Each company's ratios are on its stock page.
- Why are some Solar companies not halal?
- 11 companies in this industry are currently not halal. Reasons (one company can fail for several): Interest-bearing debt ≥ 30% (of market cap) — 10; Cash & investments ≥ 30% — 6.
- Which sector does Solar belong to?
- Solar is an industry within the Technology sector. Other industries there with a halal list: Software - Application, Software - Infrastructure, Semiconductors, Information Technology Services, Electronic Components, Communication Equipment, Semiconductor Equipment & Materials, Scientific & Technical Instruments.
- Is this a fatwa or investment advice?
- No. This is the result of automated screening based on public data. It is neither a fatwa nor an investment recommendation. Consult a scholar or adviser you trust before making decisions.
- How often are the results updated?
- Screening runs every day: when a new quarterly report comes out, the ratios are recalculated and the status may change. Each stock page shows the date it was checked.
Not a fatwa and not investment advice. Screening is automated from public financial reports and may be wrong or out of date.