ACESETF / FundALPS Clean Energy ETF
Verdicts genuinely change. Free email alert the moment ACES's does — no target price to set, unlike "Alert" above.
Whether this fund clears the published standards, and the filings behind that answer. The screen runs first and nothing on the trading side can override it.
Structure, momentum, positioning and levels. Separate from the Sharia verdict above, which this side never overrides.
ALPS Clean Energy ETF ETF · ALPS ETF TRUST
39 holdings · as of 2026-05-31 (4.9 months ago) The fund may have traded since. SEC Form N-PORT is filed quarterly and lags the period it covers, so these are the most recent holdings on file, not the fund’s holdings today.
NON-COMPLIANT 51.05% of portfolio weight is in non-compliant holdings, over the 5% threshold.
39 holdings, 34 matched (97% of weight). Portfolio as of 2026-05-31, filed 2026-07-29. Source: SEC Form N-PORT.
4.79% of this portfolio’s income is non-permissible — weighted across holdings, computed over 92% of portfolio weight (32 of 39 holdings). The common approach purifies that proportion of income received — dividends — not of the position’s value. We report the ratio; what to do with it is a question for your own scholar.
45.8% compliant 0.0% questionable 51.0% non-compliant 3.1% unscreened
All holdings (39)
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| ENPH Enphase Energy Inc | COMPLIANT | 6.53% | AAOIFI11.9% Usmani22.5% Dow Jones Islamic9.1% S&P Shariah6.3% MSCI Islamic22.5% MSCI Islamic M-Series6.3% FTSE Shariah21.0% |
| FSLR First Solar Inc | COMPLIANT | 6.24% | AAOIFI0.9% Usmani1.4% Dow Jones Islamic0.7% S&P Shariah0.7% MSCI Islamic1.2% MSCI Islamic M-Series0.7% FTSE Shariah0.3% |
| PLUG Plug Power Inc | COMPLIANT | 6.04% | AAOIFI25.2% Usmani37.6% Dow Jones Islamic31.7% S&P Shariah31.3% MSCI Islamic36.3% MSCI Islamic M-Series31.3% FTSE Shariah26.5% |
| NXT Nextpower Inc | COMPLIANT | 5.93% | AAOIFI0.3% Usmani0.9% Dow Jones Islamic0.4% S&P Shariah0.5% MSCI Islamic0.9% MSCI Islamic M-Series0.5% FTSE Shariah0.0% |
| ORA Ormat Technologies Inc | NON_COMPLIANT | 4.84% | AAOIFI22.0% Usmani17.9% Dow Jones Islamic20.9% S&P Shariah23.0% MSCI Islamic17.8% MSCI Islamic M-Series23.0% FTSE Shariah17.2% |
| BEP Brookfield Renewable Partners Lp | NON_COMPLIANT | 4.68% | AAOIFI28.7% Usmani3.5% Dow Jones Islamic47.3% S&P Shariah50.4% MSCI Islamic3.5% MSCI Islamic M-Series50.4% FTSE Shariah3.5% |
| HASI Ha Sustainable Infrastructure Capital Inc | NON_COMPLIANT | 4.40% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| TSLA Tesla Inc | COMPLIANT | 4.23% | AAOIFI1.1% Usmani10.8% Dow Jones Islamic1.3% S&P Shariah1.5% MSCI Islamic10.6% MSCI Islamic M-Series1.5% FTSE Shariah6.1% |
| NPI.TO Northland Power Inc | NON_COMPLIANT | 4.20% | AAOIFI126.3% Usmani53.0% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic51.8% MSCI Islamic M-Seriesfail FTSE Shariah51.8% |
| RUN Sunrun Inc | NON_COMPLIANT | 4.18% | AAOIFI705.9% Usmani65.2% Dow Jones Islamic502.4% S&P Shariah503.0% MSCI Islamic65.0% MSCI Islamic M-Series503.0% FTSE Shariah64.9% |
| ALB Albemarle Corp | COMPLIANT | 4.17% | AAOIFI13.1% Usmani13.2% Dow Jones Islamic15.4% S&P Shariah15.0% MSCI Islamic12.6% MSCI Islamic M-Series15.0% FTSE Shariah11.8% |
| RIVN Rivian Automotive Inc | NON_COMPLIANT | 4.08% | AAOIFI22.4% Usmani35.4% Dow Jones Islamic25.5% S&P Shariah24.9% MSCI Islamic34.7% MSCI Islamic M-Series24.9% FTSE Shariah29.4% |
| CWEN Clearway Energy Inc | NON_COMPLIANT | 3.79% | AAOIFI151.8% Usmani59.0% Dow Jones Islamic159.3% S&P Shariah176.9% MSCI Islamic59.0% MSCI Islamic M-Series176.9% FTSE Shariah54.0% |
| ITRI Itron Inc | NON_COMPLIANT | 3.47% | AAOIFI38.7% Usmani41.0% Dow Jones Islamic34.3% S&P Shariah36.7% MSCI Islamic41.0% MSCI Islamic M-Series36.7% FTSE Shariah40.3% |
| EOSE Eos Energy Enterprises Inc | NON_COMPLIANT | 3.10% | AAOIFI45.4% Usmani70.7% Dow Jones Islamic33.5% S&P Shariah47.2% MSCI Islamic70.7% MSCI Islamic M-Series47.2% FTSE Shariah68.1% |
| B3H.F Boralex Inc | NON_COMPLIANT | 3.00% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| AMSC American Superconductor Corp | COMPLIANT | 2.58% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| ANDE Andersons Inc/the | NON_COMPLIANT | 2.48% | AAOIFI26.7% Usmani16.9% Dow Jones Islamic32.9% S&P Shariah33.5% MSCI Islamic16.9% MSCI Islamic M-Series33.5% FTSE Shariah16.9% |
| AMPX Amprius Technologies Inc | COMPLIANT | 2.43% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| SHLS Shoals Technologies Group Inc | COMPLIANT | 2.26% | AAOIFI13.1% Usmani16.1% Dow Jones Islamic14.4% S&P Shariah11.6% MSCI Islamic16.1% MSCI Islamic M-Series11.6% FTSE Shariah12.5% |
| TE T1 Energy Inc | NON_COMPLIANT | 1.95% | AAOIFI52.2% Usmani47.4% Dow Jones Islamic95.5% S&P Shariah120.1% MSCI Islamic47.4% MSCI Islamic M-Series120.1% FTSE Shariah33.5% |
| BLDP.TO Ballard Power Systems Inc | NON_COMPLIANT | 1.73% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| Array Technologies Inc | UNSCREENED | 1.51% | no in-house ratios for this holding |
| REX Rex American Resources Corp | COMPLIANT | 1.47% | AAOIFI1.1% Usmani2.1% Dow Jones Islamic1.4% S&P Shariah1.6% MSCI Islamic1.7% MSCI Islamic M-Series1.6% FTSE Shariah0.0% |
| WLDN Willdan Group Inc | COMPLIANT | 1.43% | AAOIFI8.2% Usmani14.0% Dow Jones Islamic8.2% S&P Shariah10.6% MSCI Islamic13.7% MSCI Islamic M-Series10.6% FTSE Shariah10.6% |
| FLNC Fluence Energy Inc | COMPLIANT | 1.36% | AAOIFI21.6% Usmani15.8% Dow Jones Islamic15.5% S&P Shariah13.9% MSCI Islamic15.8% MSCI Islamic M-Series13.9% FTSE Shariah15.0% |
| XIFR Xplr Infrastructure Lp | NON_COMPLIANT | 1.28% | AAOIFI570.1% Usmani32.4% Dow Jones Islamic553.1% S&P Shariah399.7% MSCI Islamic32.4% MSCI Islamic M-Series399.7% FTSE Shariah32.4% |
| Ameresco Inc | UNSCREENED | 1.26% | no in-house ratios for this holding |
| GPRE Green Plains Inc | NON_COMPLIANT | 1.17% | AAOIFI48.2% Usmani31.5% Dow Jones Islamic71.1% S&P Shariah55.2% MSCI Islamic31.5% MSCI Islamic M-Series55.2% FTSE Shariah27.6% |
| LCID Lucid Group Inc | NON_COMPLIANT | 0.96% | AAOIFI192.4% Usmani47.5% Dow Jones Islamic64.1% S&P Shariah54.9% MSCI Islamic46.1% MSCI Islamic M-Series54.9% FTSE Shariah42.3% |
| NRGV Energy Vault Holdings Inc | COMPLIANT | 0.65% | AAOIFI34.2% Usmani51.3% Dow Jones Islamic40.8% S&P Shariah49.4% MSCI Islamic51.3% MSCI Islamic M-Series49.4% FTSE Shariah50.8% |
| ASPN Aspen Aerogels Inc | NON_COMPLIANT | 0.57% | AAOIFI25.2% Usmani27.2% Dow Jones Islamic15.7% S&P Shariah12.0% MSCI Islamic26.2% MSCI Islamic M-Series12.0% FTSE Shariah20.4% |
| ABAT American Battery Technology Co | COMPLIANT | 0.50% | AAOIFI2.9% Usmani7.5% Dow Jones Islamic3.4% S&P Shariah4.1% MSCI Islamic7.5% MSCI Islamic M-Series4.1% FTSE Shariah7.4% |
| GEVO Gevo Inc | NON_COMPLIANT | 0.47% | AAOIFI41.9% Usmani34.8% Dow Jones Islamic40.7% S&P Shariah48.7% MSCI Islamic34.6% MSCI Islamic M-Series48.7% FTSE Shariah34.1% |
| CLNE Clean Energy Fuels Corp | NON_COMPLIANT | 0.36% | AAOIFI87.8% Usmani31.4% Dow Jones Islamic62.4% S&P Shariah55.8% MSCI Islamic31.1% MSCI Islamic M-Series55.8% FTSE Shariah22.3% |
| MVST Microvast Holdings Inc | NON_COMPLIANT | 0.34% | AAOIFI50.5% Usmani14.3% Dow Jones Islamic19.2% S&P Shariah24.0% MSCI Islamic14.3% MSCI Islamic M-Series24.0% FTSE Shariah12.5% |
| Evgo Inc | UNSCREENED | 0.31% | no in-house ratios for this holding |
| State Street Institutional Treasury Plus Money Market Fund | UNSCREENED | 0.03% | no in-house ratios for this holding |
| N/A | UNSCREENED | 0.00% | no in-house ratios for this holding |
The published standards disagree about this fund by 16 points of portfolio weight — 45.1% of it passes AAOIFI, 28.6% passes MSCI Islamic. Which number is yours depends on which standard you follow.
These bars are the financial-ratio result under each standard — debt, receivables and interest income. They do not screen what the business does, so a holding can pass every ratio here and still be questionable or non-compliant on activity. The blended verdict above accounts for both.
ratios pass on 45.1% ratios fail on 40.5% 14.4% not rated under AAOIFI
ratios pass on 34.5% ratios fail on 49.9% 15.5% not rated under Usmani
ratios pass on 40.7% ratios fail on 44.3% 15.0% not rated under Dow Jones Islamic
ratios pass on 38.2% ratios fail on 46.8% 15.0% not rated under S&P Shariah
ratios pass on 28.6% ratios fail on 55.9% 15.5% not rated under MSCI Islamic
ratios pass on 38.2% ratios fail on 46.8% 15.0% not rated under MSCI Islamic M-Series
ratios pass on 40.6% ratios fail on 43.9% 15.5% not rated under FTSE Shariah
34 of 39 listed holdings carry our own per-methodology verdicts (97% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 30 (84% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| ORA Ormat Technologies Inc | 4.84% |
| BEP Brookfield Renewable Partners Lp | 4.68% |
| HASI Ha Sustainable Infrastructure Capital Inc | 4.40% |
| NPI.TO Northland Power Inc | 4.20% |
| RUN Sunrun Inc | 4.18% |
| RIVN Rivian Automotive Inc | 4.08% |
| CWEN Clearway Energy Inc | 3.79% |
| ITRI Itron Inc | 3.47% |
| EOSE Eos Energy Enterprises Inc | 3.10% |
| B3H.F Boralex Inc | 3.00% |
Methodology breakdown computing — it will appear here on its own.
Trade setup
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
Why this signal?
The factors behind the read, each shown with the figure it rests on, including the ones pointing the other way.
ALPS Clean Energy ETF (ACES) is currently considered not halal (non-compliant), per our own look-through to its filed holdings. See its filed holdings and the weight breakdown below for the reasoning.
🕌 In-house Compliance Research
Computing the full ratio and business-activity breakdown for ACES — this runs off the critical path so the page paints first. It will appear here on its own.
Pinch or scroll to zoom · drag to pan — both axes move · double-click to reset
Classic floor-trader pivots from the last completed daily bar. Highlighted pills are the levels bracketing the current price.
Price Forecast
The range is measured volatility (ATR over the horizon), not a target — a wider band means a more volatile asset, not a stronger view. The direction is the indicator tally below. Every forecast is recorded when made and scored against the real price when it comes due, including the wrong ones. Not a recommendation, and not a fatwa.
Technical Summary
Standard indicator thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20, MACD histogram sign, price vs. average) computed on daily bars. A summary of what common indicators say — not a recommendation, and not this site's own trading verdict.
Every indicator, and what it reads
| Indicator | Value | Signal |
|---|---|---|
| RSI (14) | 43.10 | NEUTRAL |
| Stochastic %K (14) | 43.25 | NEUTRAL |
| CCI (20) | -45.66 | NEUTRAL |
| Williams %R (14) | -56.75 | NEUTRAL |
| MACD (12,26,9) | 0.03 | BUY |
| ROC (10) | -3.29 | SELL |
| Momentum (10) | -0.90 | SELL |
| EMA (10) | 26.14 | BUY |
| SMA (10) | 25.91 | BUY |
| EMA (20) | 26.73 | SELL |
| SMA (20) | 26.80 | SELL |
| EMA (30) | 27.32 | SELL |
| SMA (30) | 27.39 | SELL |
| EMA (50) | 28.38 | SELL |
| SMA (50) | 28.56 | SELL |
| EMA (100) | 30.28 | SELL |
| SMA (100) | 31.04 | SELL |
| EMA (200) | 32.01 | SELL |
| SMA (200) | 33.24 | SELL |
About ALPS Clean Energy ETF
The fund will invest at least 80% of its net assets in securities that comprise the underlying index. The underlying index utilizes a rules-based methodology developed by CIBC National Trust Company (the "index provider"), which is designed to provide exposure to a diverse set of U.S. and Canadian companies involved in the clean energy sector including renewables and clean technology. The fund is non-diversified.
Background via Yahoo Finance — informational, not part of the verdict.
Good setup, solid confluence
SMC — Top Down
Market structure by timeframe, read from real bars. A bias per timeframe rather than a forecast — timeframes disagreeing is information, not noise.
| Timeframe | Bias | Bars |
|---|---|---|
| 📅 Daily | BULLISH | 41 |
| 🕐 1H | BULLISH | 39 |
| ⏱ 15-Min | BULLISH | 130 |
| ⏲ 5-Min | BEARISH | 234 |
Momentum & Volume
Rate of change and relative volume against this symbol's own recent history. Momentum describes what price has done; it is not a claim about what it will do.
Peer Movement
How the rest of the sector moved over the same window. Context for a price move, never a cause of one.
Peer movement computing — it will appear here on its own.
Before you act on this
The questions worth asking about any verdict on this page, answered plainly.
Is a fund screened on its name?
No. HTR reads the fund's filed holdings and screens each one, then reports the result by weight. A fund marketed as Islamic still gets the same look-through as any other.
What does unrated weight mean?
It is the share of the fund whose holdings HTR cannot cover far enough to rate. It is reported as unrated rather than counted as compliant, because a holding nobody screened should not look like one that passed.
Does the issuer's board make it compliant?
It matters, and it is noted, but it does not replace the look-through. The board's judgement and the holdings screen are shown separately so you can see when they agree and when they do not.
How often is this re-screened?
When the fund files new holdings, and on a rolling basis besides. The date on the verdict above is the last time this fund was actually recomputed.
Open research, not a fatwa. HTR applies published screening standards to filings and publishes what they say, including when they disagree. Nothing here is financial advice or a recommendation to buy or sell. Verdicts can change when new filings land.
Compare with
Same screen, different answers. Comparison is where the standards disagreeing becomes useful rather than confusing.
Peer screening computing — it will appear here on its own.
Insider Activity (90d)
Insider transactions reported in the last ninety days. Insiders sell for reasons that have nothing to do with a view, so a sale on its own is not a signal.
NO DATA 0 buys · 0 sells
COT Positioning — E-MINI S&P 500 - CHICAGO MERCANTILE EXCHANGE
The weekly CFTC Commitments of Traders report for the broad market it tracks, not for this symbol. Positioning context for the tape — it says nothing about this company.
NEUTRAL report date 2026-10-20 · Asset managers net 901377 (-14458)
AI Summary
Plain-language summary of the evidence already on this page — the Sharia screen, structure, momentum, and order flow above. It explains the read; it doesn't make the call. Generated on demand (a live AI call), never run automatically.