SUNENot HalalF
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Compliance Status

Not Halal

Screened on Oct 8, 2026 · AAOIFI Standard 21

F

Non-Compliant

0Score

Is SUNation Energy Inc. (SUNE) halal? Not Halal. Based on AAOIFI screening, SUNation Energy Inc. passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

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HalalScreener rates SUNation Energy Inc. (SUNE) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Oct 8, 2026. Source: https://halalscreener.app/en/stock/SUNE

Business activity

What the company sells is permissible.

Passed

Company debt

Over the limit

How much the company borrows, compared to its total value. AAOIFI allows up to 30%.

61.1% of 30.0% limit
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Screened according to AAOIFI Standard 21

What this means for you

Most scholars advise not holding SUNE

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

SUNation Energy Inc.

SUNE: Is SUNation Energy Inc. Halal?

SUNation Energy Inc.

NASDAQIndustrialsUS

$2.28

Market Cap: 7.6M

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About SUNation Energy Inc.

SUNation Energy Inc. operates across the nation, bringing together local and regional companies specializing in solar, energy storage, and related energy services. The firm's core objective is to advance the energy transition by promoting the organic growth of solar electricity coupled with battery storage solutions. Its diverse collection of brands, which includes SUNation, Hawaii Energy Connection, E-Gear, Sungevity, and Horizon Solar Power, offers homeowners and small businesses complete product suites encompassing solar installations, battery storage, and grid services. Founded in 1969, the company maintains its headquarters in Ronkonkoma, NY.

Sector: Industrials · Industry: Engineering & Construction

Why this does not pass

  • Interest-bearing debt is 61.1% of market cap, over the 30% AAOIFI limit.
  • Interest-bearing deposits are over the 30% limit.

Screened under AAOIFI Standard 21. The exact figure behind this is part of Pro; the failing check and its limit are always free.

Shariah Compliance Status

AAOIFI Standard 21Updated Oct 8, 2026

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Screened according to AAOIFI Standard 21

Compliance History

Not Halal, unchanged since Aug 2026.

No status changes recorded since we began tracking.

Tracked since Aug 2026. Updates automatically on each re-screen.

Fiscal: Q2 2026Data source: EDGAR
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Frequently Asked Questions

Is SUNation Energy Inc. (SUNE) halal to invest in?
SUNation Energy Inc. (SUNE) is rated Not Halal under AAOIFI Standard 21 screening. It fails either the business activity screen (primary involvement in prohibited sectors such as conventional banking, alcohol, or gambling) or one of the quantitative financial ratio thresholds. Muslim investors should avoid or exit this position.
Why did SUNation Energy Inc. get a F compliance rating?
SUNation Energy Inc. (SUNE) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 61.1% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change SUNation Energy Inc.'s Shariah verdict?
SUNation Energy Inc.'s verdict is re-evaluated at each annual re-screen. Three events could change it: (1) the debt-to-market-cap ratio crossing 30%, typically from new debt issuance or a major drop in share price; (2) interest-bearing deposits exceeding 30% of market cap; or (3) prohibited revenue (alcohol, gambling, conventional finance, etc.) exceeding 5% of total revenue. Verdict flips are tracked in the compliance history section above.
How often is SUNation Energy Inc. re-screened for Shariah compliance?
SUNation Energy Inc. (SUNE) is re-screened annually using the most recent full-year financial data from SEC filings. HalalScreener also triggers an on-demand re-screen whenever the stored data is more than 7 days old, ensuring the ratios reflect the latest available financial statements. Last screened: Oct 8, 2026.

Screened according to AAOIFI Standard No. 21 · For informational purposes only. Consult a qualified Islamic finance advisor before investing.

Disclaimer: This screening is for informational purposes only and does not constitute financial, legal, or religious advice. Compliance is evaluated using AAOIFI financial standards (debt, deposits, and prohibited income ratios) and publicly available data. Ethical, political, social, or environmental considerations are outside the scope of this screening. Individual scholars and methodologies may differ. Always consult a qualified Islamic finance advisor before making investment decisions.