Enphase Energy, Inc.
0.0 %
-40.17 %
Yet to be announced
Company Overview
Enphase Energy, Inc. is a technology company that designs and manufactures software-driven home energy solutions. Their primary products include microinverter technology for solar generation, battery energy storage, and smart monitoring and control systems. The company's core business is focused on making solar power generation more efficient and reliable for residential and commercial customers.
Revenue Sources
Based on reviewing Enphase's SEC filings and financial statements, the company generates its revenue primarily from the sale of microinverters, energy storage systems, and related software services for solar energy systems. These are all halal products and services that create real value through technology and innovation in renewable energy. There is no evidence of revenue from prohibited sources.
Reliance on Interest
| Reporting Date | Total Revenue | Total Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
|---|---|---|---|---|---|---|
| Sept. 30, 2024 | $380.87m | $333.32m | - | $2.24m | 0.00% | 0.67% |
| June 30, 2024 | $303.46m | $303.88m | - | $2.22m | 0.00% | 0.73% |
| March 31, 2024 | $263.34m | $294.63m | - | $2.2m | 0.00% | 0.75% |
| Dec. 31, 2023 | $302.57m | $315.07m | - | $2.27m | 0.00% | 0.72% |
After analyzing the financial data for the past four quarters: Interest expense remains consistently low relative to total expenses, never exceeding 1% of total expenses in any quarter. The company does not generate interest income as part of its business model.
Operational Ethics
Based on review of company documentation and public records, Enphase Energy does not maintain significant operations or R&D centers in Israel or have material ongoing relationships with the Chinese Communist Party. Their manufacturing is primarily done in Mexico, India, and other locations without concerning human rights implications.
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Could you please continue providing updates for this stock. I feel like a lot of members have not sold yet and would appreciate the guidance.
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Could you please continue providing updates for this stock. I feel like a lot of members have not sold yet and would appreciate the guidance/
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Request you to keep the uncomfortable stock positions in the Watchlist for 6 months for us to check - and specially if it comfortable with other portofolios - it works as a guiding star in case we still have in our portofolio
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For the reporting date of Dec 31 2023, the company had Interest Income Ratio of 6.77% according to the PIF app. That makes me very uncomfortable as a potential investor, because the company is significantly profiting from riba.
Salam brother, our 2.5 criteria should be broken for three consecutive quarters, after that we rate it as uncomfortable, also keep in mind that we purify stocks from the interest part, and Allah knows best.
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