Is SPI Energy Co Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, SPI Energy Co Ltd (SPIEF) is currently classified as NOT HALAL as of November 2023. The classification is based on an evaluation of the company's business activities and financial ratios to determine whether it meets Islamic investment guidelines.

Is SPI Energy Co Ltd a Shariah-compliant stock?

A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes SPI Energy Co Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of SPI Energy Co Ltd?

Muslim investors may consider investing in SPI Energy Co Ltd if it meets Shariah compliance standards. Investors typically review the company's business activities, debt levels, and non-permissible income before making a decision.

Why is SPI Energy Co Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of SPI Energy Co Ltd by analyzing whether the company's core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.

How often is the Shariah compliance for SPI Energy Co Ltd updated?

The Shariah compliance status of SPI Energy Co Ltd may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like SPI Energy Co Ltd become non-compliant?

Yes. A stock that is currently Shariah-compliant may become non-compliant if the company's financial ratios exceed Shariah thresholds or its business activities change.

Where can I check the Shariah status of SPI Energy Co Ltd?

You can check the latest Shariah compliance status of SPI Energy Co Ltd on Musaffa's stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.

SPIEF Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: November 23, 2023

Report Source: 2023 3rd Quarter Report

Analyst's Ratings for SPI Energy Co Ltd (SPIEF)

Based on 8 analysts giving stock ratings to SPI Energy Co Ltd in the past 3 months

Strong
SellSellHoldBuyStrong
Buy

Strong Buy

Buy

Hold

Sell

Strong Sell

SPI Energy Co Ltd. Stock Analysis SPIEF

United States Information Technology Nano Cap Report: Q3, 2023

SPI Energy Co. Ltd. is a global renewable energy company, which engages in the provision of solar storage and electric vehicle solutions. The company is headquartered in Mcclellan, California and currently employs 316 full-time employees. The company went IPO on 2016-01-19. The Company’s segments include Renewable energy solutions, PV stations constructions and operations, and Others. In Australia, the Company primarily sells solar PV components to retail customers and solar project developers. The company is also engaged in roofing and solar energy systems installation and assembling solar modules. Its subsidiaries include SolarJuice Co., Ltd, Solar Juice Pty Ltd., Solarjuice American Inc., Sloar4america Technology Inc., Italsolar S.r.l., SPI Solar Japan G.K., Solar Power Inc UK Service Limited, SPI Solar Inc., Heliostixio S.A., Heliohrisi S.A., among others. Its divisions include SPI Solar commercial and utility solar business, Orange Power business, and SolarJuice. Orange Power business owns and operates solar projects that sell electricity to the grid in multiple regions.

Financial Metrics & Statements of SPI Energy Co Ltd (SPIEF)

FAQ's for SPI Energy Co Ltd (SPIEF)

According to Musaffa’s Shariah screening methodology, SPI Energy Co Ltd (SPIEF) is currently classified as NOT HALAL as of November 2023. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.