QCLNETF / FundFirst Trust NASDAQ Clean Edge Green Energy Index Fund
Verdicts genuinely change. Free email alert the moment QCLN'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.
First Trust NASDAQ Clean Edge Green Energy Index Fund ETF · First Trust Exchange-Traded Fund
54 holdings · as of 2026-06-30 (4.1 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.
This fund holds short positions, so exposure is counted gross — long and short both count as exposure rather than netting off, and the weights below therefore sum to 102% of net assets rather than 100%. Shares of the portfolio are shown as shares of that gross exposure.
NON-COMPLIANT 24.62% of portfolio weight is in non-compliant holdings, over the 5% threshold.
54 holdings, 47 matched (93% of weight). Portfolio as of 2026-06-30, filed 2026-08-21. Source: SEC Form N-PORT.
2.58% of this portfolio’s income is non-permissible — weighted across holdings, computed over 78% of portfolio weight (43 of 54 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.
68.1% compliant 0.4% questionable 24.1% non-compliant 7.3% unscreened
All holdings (54)
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| BE BLOOM ENERGY CORP | COMPLIANT | 9.23% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| TSLA TESLA INC | COMPLIANT | 8.39% | AAOIFI1.1% Usmani10.8% Dow Jones Islamic1.3% S&P Shariah1.5% MSCI Islamic10.6% MSCI Islamic M-Series1.5% FTSE Shariah6.1% |
| MPWR MONOLITHIC POWER SYSTEMS INC | COMPLIANT | 7.67% | AAOIFI0.0% Usmani0.4% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.4% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| ON ON SEMICONDUCTOR CORP | COMPLIANT | 6.81% | AAOIFI16.9% Usmani34.9% Dow Jones Islamic18.0% S&P Shariah16.5% MSCI Islamic34.7% MSCI Islamic M-Series16.5% FTSE Shariah33.1% |
| FSLR FIRST SOLAR INC | COMPLIANT | 6.69% | AAOIFI0.9% Usmani1.4% Dow Jones Islamic0.7% S&P Shariah0.7% MSCI Islamic1.2% MSCI Islamic M-Series0.7% FTSE Shariah0.3% |
| RIVN RIVIAN AUTOMOTIVE INC | NON_COMPLIANT | 4.63% | AAOIFI22.4% Usmani35.4% Dow Jones Islamic25.5% S&P Shariah24.9% MSCI Islamic34.7% MSCI Islamic M-Series24.9% FTSE Shariah29.4% |
| AEIS ADVANCED ENERGY INDUSTRIES INC | COMPLIANT | 4.20% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| ALGM ALLEGRO MICROSYSTEMS INC | COMPLIANT | 3.84% | AAOIFI4.5% Usmani22.0% Dow Jones Islamic5.2% S&P Shariah5.3% MSCI Islamic21.5% MSCI Islamic M-Series5.3% FTSE Shariah20.3% |
| VICR VICOR CORP | COMPLIANT | 3.81% | AAOIFI0.1% Usmani0.9% Dow Jones Islamic0.2% S&P Shariah0.3% MSCI Islamic0.9% MSCI Islamic M-Series0.3% FTSE Shariah0.0% |
| ACUITY INC | UNSCREENED | 3.38% | no in-house ratios for this holding |
| ALB ALBEMARLE CORP | COMPLIANT | 3.33% | AAOIFI13.1% Usmani13.2% Dow Jones Islamic15.4% S&P Shariah15.0% MSCI Islamic12.6% MSCI Islamic M-Series15.0% FTSE Shariah11.8% |
| NXT NEXTPOWER INC | COMPLIANT | 3.31% | AAOIFI0.3% Usmani0.9% Dow Jones Islamic0.4% S&P Shariah0.5% MSCI Islamic0.9% MSCI Islamic M-Series0.5% FTSE Shariah0.0% |
| BEP BROOKFIELD RENEWABLE PARTNERS LP | NON_COMPLIANT | 3.12% | AAOIFI29.0% Usmani3.5% Dow Jones Islamic47.1% S&P Shariah50.0% MSCI Islamic3.5% MSCI Islamic M-Series50.0% FTSE Shariah3.5% |
| MP MP MATERIALS CORP | NON_COMPLIANT | 2.95% | AAOIFI13.4% Usmani25.6% Dow Jones Islamic11.8% S&P Shariah15.2% MSCI Islamic25.6% MSCI Islamic M-Series15.2% FTSE Shariah25.1% |
| ENS ENERSYS | COMPLIANT | 2.53% | AAOIFI17.1% Usmani28.3% Dow Jones Islamic22.3% S&P Shariah24.2% MSCI Islamic28.2% MSCI Islamic M-Series24.2% FTSE Shariah26.3% |
| ORA ORMAT TECHNOLOGIES INC | NON_COMPLIANT | 1.98% | AAOIFI22.0% Usmani17.9% Dow Jones Islamic20.9% S&P Shariah23.0% MSCI Islamic17.8% MSCI Islamic M-Series23.0% FTSE Shariah17.2% |
| MIZUHO SECURITIES USA LLC | UNSCREENED | 1.94% | no in-house ratios for this holding |
| ENPH ENPHASE ENERGY INC | COMPLIANT | 1.92% | AAOIFI11.9% Usmani22.5% Dow Jones Islamic9.1% S&P Shariah6.3% MSCI Islamic22.5% MSCI Islamic M-Series6.3% FTSE Shariah21.0% |
| HASI HA SUSTAINABLE INFRASTRUCTURE CAPITAL INC | NON_COMPLIANT | 1.48% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| POWI POWER INTEGRATIONS INC | COMPLIANT | 1.38% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| NVTS NAVITAS SEMICONDUCTOR CORP | COMPLIANT | 1.24% | AAOIFI0.1% Usmani0.6% Dow Jones Islamic0.3% S&P Shariah0.3% MSCI Islamic0.5% MSCI Islamic M-Series0.3% FTSE Shariah0.0% |
| CWEN CLEARWAY ENERGY INC | NON_COMPLIANT | 1.23% | AAOIFI151.8% Usmani59.0% Dow Jones Islamic159.3% S&P Shariah176.9% MSCI Islamic59.0% MSCI Islamic M-Series176.9% FTSE Shariah54.0% |
| OLED UNIVERSAL DISPLAY CORP | NON_COMPLIANT | 1.20% | AAOIFI0.6% Usmani2.0% Dow Jones Islamic0.4% S&P Shariah0.3% MSCI Islamic1.1% MSCI Islamic M-Series0.3% FTSE Shariah0.0% |
| ITRI ITRON INC | NON_COMPLIANT | 1.14% | AAOIFI38.7% Usmani41.0% Dow Jones Islamic34.3% S&P Shariah36.7% MSCI Islamic41.0% MSCI Islamic M-Series36.7% FTSE Shariah40.3% |
| PLUG PLUG POWER INC | COMPLIANT | 1.12% | AAOIFI25.2% Usmani37.6% Dow Jones Islamic31.7% S&P Shariah31.3% MSCI Islamic36.3% MSCI Islamic M-Series31.3% FTSE Shariah26.5% |
| SOCIEDAD QUIMICA Y MINERA DE CHILE SA | UNSCREENED | 1.09% | no in-house ratios for this holding |
| SEDG SOLAREDGE TECHNOLOGIES INC | UNRATED | 1.05% | AAOIFI2.0% Usmani2.7% Dow Jones Islamic2.4% S&P Shariah1.7% MSCI Islamic1.8% MSCI Islamic M-Series1.7% FTSE Shariah0.0% |
| RUN SUNRUN INC | NON_COMPLIANT | 0.94% | AAOIFI705.9% Usmani65.2% Dow Jones Islamic502.4% S&P Shariah503.0% MSCI Islamic65.0% MSCI Islamic M-Series503.0% FTSE Shariah64.9% |
| TE T1 ENERGY INC | NON_COMPLIANT | 0.78% | AAOIFI52.2% Usmani47.4% Dow Jones Islamic95.5% S&P Shariah120.1% MSCI Islamic47.4% MSCI Islamic M-Series120.1% FTSE Shariah33.5% |
| FLNC FLUENCE ENERGY INC | COMPLIANT | 0.78% | AAOIFI21.6% Usmani15.8% Dow Jones Islamic15.5% S&P Shariah13.9% MSCI Islamic15.8% MSCI Islamic M-Series13.9% FTSE Shariah15.0% |
| LCID LUCID GROUP INC | NON_COMPLIANT | 0.77% | AAOIFI192.4% Usmani47.5% Dow Jones Islamic64.1% S&P Shariah54.9% MSCI Islamic46.1% MSCI Islamic M-Series54.9% FTSE Shariah42.3% |
| WOLF WOLFSPEED INC | NON_COMPLIANT | 0.69% | AAOIFI145.1% Usmani59.8% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic59.7% MSCI Islamic M-Seriesfail FTSE Shariah56.2% |
| EOSE EOS ENERGY ENTERPRISES INC | NON_COMPLIANT | 0.59% | AAOIFI45.4% Usmani70.7% Dow Jones Islamic33.5% S&P Shariah47.2% MSCI Islamic70.7% MSCI Islamic M-Series47.2% FTSE Shariah68.1% |
| AMSC AMERICAN SUPERCONDUCTOR CORP | COMPLIANT | 0.59% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| AMPX AMPRIUS TECHNOLOGIES INC | COMPLIANT | 0.58% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| FCEL FUELCELL ENERGY INC | NON_COMPLIANT | 0.56% | AAOIFI11.7% Usmani12.7% Dow Jones Islamic39.7% S&P Shariah38.1% MSCI Islamic12.7% MSCI Islamic M-Series38.1% FTSE Shariah11.7% |
| SHLS SHOALS TECHNOLOGIES GROUP INC | COMPLIANT | 0.49% | AAOIFI13.1% Usmani16.1% Dow Jones Islamic14.4% S&P Shariah11.6% MSCI Islamic16.1% MSCI Islamic M-Series11.6% FTSE Shariah12.5% |
| RNW RENEW ENERGY GLOBAL PLC | NON_COMPLIANT | 0.45% | AAOIFIfail Usmani60.7% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic60.7% MSCI Islamic M-Seriesfail FTSE Shariah60.7% |
| SGML SIGMA LITHIUM CORP | QUESTIONABLE | 0.42% | AAOIFI10.4% Usmani47.8% Dow Jones Islamic11.9% S&P Shariah10.0% MSCI Islamic47.8% MSCI Islamic M-Series10.0% FTSE Shariah47.8% |
| ENVX ENOVIX CORP | NON_COMPLIANT | 0.39% | AAOIFI72.3% Usmani65.9% Dow Jones Islamic32.0% S&P Shariah30.7% MSCI Islamic65.9% MSCI Islamic M-Series30.7% FTSE Shariah65.2% |
| WLDN WILLDAN GROUP INC | COMPLIANT | 0.35% | AAOIFI8.2% Usmani14.0% Dow Jones Islamic8.2% S&P Shariah10.6% MSCI Islamic13.7% MSCI Islamic M-Series10.6% FTSE Shariah10.6% |
| BLDP.TO BALLARD POWER SYSTEMS INC | NON_COMPLIANT | 0.35% | 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 | 0.34% | no in-house ratios for this holding |
| XIFR XPLR INFRASTRUCTURE LP | NON_COMPLIANT | 0.33% | AAOIFI570.1% Usmani32.4% Dow Jones Islamic553.1% S&P Shariah399.7% MSCI Islamic32.4% MSCI Islamic M-Series399.7% FTSE Shariah32.4% |
| DREYFUS GOVERNMENT CASH MANAGEMENT FUNDS | UNSCREENED | 0.33% | no in-house ratios for this holding |
| LYTS LSI INDUSTRIES INC | NON_COMPLIANT | 0.29% | AAOIFI40.7% Usmani37.0% Dow Jones Islamic49.1% S&P Shariah55.3% MSCI Islamic37.0% MSCI Islamic M-Series55.3% FTSE Shariah30.8% |
| AMERESCO INC | UNSCREENED | 0.29% | no in-house ratios for this holding |
| PSNY POLESTAR AUTOMOTIVE HOLDING UK PLC | NON_COMPLIANT | 0.27% | AAOIFI268.4% Usmani111.5% Dow Jones Islamic3.5% S&P Shariah2.7% MSCI Islamic111.5% MSCI Islamic M-Series2.7% FTSE Shariah111.5% |
| ASPN ASPEN AEROGELS INC | NON_COMPLIANT | 0.16% | AAOIFI25.2% Usmani27.2% Dow Jones Islamic15.7% S&P Shariah12.0% MSCI Islamic26.2% MSCI Islamic M-Series12.0% FTSE Shariah20.4% |
| ELVA ELECTROVAYA INC | COMPLIANT | 0.15% | AAOIFI3.9% Usmani35.0% Dow Jones Islamic10.1% S&P Shariah11.8% MSCI Islamic35.0% MSCI Islamic M-Series11.8% FTSE Shariah35.0% |
| CLNE CLEAN ENERGY FUELS CORP | NON_COMPLIANT | 0.13% | AAOIFI87.8% Usmani31.4% Dow Jones Islamic62.4% S&P Shariah55.8% MSCI Islamic31.1% MSCI Islamic M-Series55.8% FTSE Shariah22.3% |
| GEVO GEVO INC | NON_COMPLIANT | 0.11% | AAOIFI41.9% Usmani34.8% Dow Jones Islamic40.7% S&P Shariah48.7% MSCI Islamic34.6% MSCI Islamic M-Series48.7% FTSE Shariah34.1% |
| EVGO INC | UNSCREENED | 0.08% | no in-house ratios for this holding |
| MNTK MONTAUK RENEWABLES INC | NON_COMPLIANT | 0.07% | AAOIFI49.5% Usmani33.4% Dow Jones Islamic43.5% S&P Shariah28.0% MSCI Islamic33.4% MSCI Islamic M-Series28.0% FTSE Shariah31.8% |
The published standards disagree about this fund by 33 points of portfolio weight — 62.1% of it passes AAOIFI, 29.4% 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 62.1% ratios fail on 15.4% 24.5% not rated under AAOIFI
ratios pass on 41.5% ratios fail on 36.0% 24.5% not rated under Usmani
ratios pass on 56.2% ratios fail on 20.4% 25.4% not rated under Dow Jones Islamic
ratios pass on 58.6% ratios fail on 18.0% 25.4% not rated under S&P Shariah
ratios pass on 29.4% ratios fail on 48.0% 24.5% not rated under MSCI Islamic
ratios pass on 57.3% ratios fail on 19.2% 25.4% not rated under MSCI Islamic M-Series
ratios pass on 49.8% ratios fail on 27.7% 24.5% not rated under FTSE Shariah
47 of 54 listed holdings carry our own per-methodology verdicts (95% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 42 (78% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| RIVN RIVIAN AUTOMOTIVE INC | 4.63% |
| BEP BROOKFIELD RENEWABLE PARTNERS LP | 3.12% |
| MP MP MATERIALS CORP | 2.95% |
| ORA ORMAT TECHNOLOGIES INC | 1.98% |
| HASI HA SUSTAINABLE INFRASTRUCTURE CAPITAL INC | 1.48% |
| CWEN CLEARWAY ENERGY INC | 1.23% |
| OLED UNIVERSAL DISPLAY CORP | 1.20% |
| ITRI ITRON INC | 1.14% |
| RUN SUNRUN INC | 0.94% |
| TE T1 ENERGY INC | 0.78% |
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.
First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN) 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.
Still fetching analyst coverage — it ran past this page's budget, so the page painted without waiting. The fetch is still running; reload in a moment and it will be here.
🕌 In-house Compliance Research
Computing the full ratio and business-activity breakdown for QCLN — 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) | 38.90 | NEUTRAL |
| Stochastic %K (14) | 27.32 | NEUTRAL |
| CCI (20) | -80.99 | NEUTRAL |
| Williams %R (14) | -72.68 | NEUTRAL |
| MACD (12,26,9) | 0.00 | BUY |
| ROC (10) | -0.30 | SELL |
| Momentum (10) | -0.13 | SELL |
| EMA (10) | 44.45 | SELL |
| SMA (10) | 44.08 | SELL |
| EMA (20) | 45.39 | SELL |
| SMA (20) | 45.78 | SELL |
| EMA (30) | 46.21 | SELL |
| SMA (30) | 46.81 | SELL |
| EMA (50) | 47.59 | SELL |
| SMA (50) | 47.66 | SELL |
| EMA (100) | 49.76 | SELL |
| SMA (100) | 51.32 | SELL |
| EMA (200) | 50.03 | SELL |
| SMA (200) | 52.29 | SELL |
About First Trust NASDAQ Clean Edge Green Energy Index Fund
The fund will normally invest at least 90% of its net assets (including investment borrowings) in the securities that comprise the index. The index is designed to track the performance of small, mid and large capitalization clean energy companies that are publicly traded in the United States. It is non-diversified.
Background via Yahoo Finance — informational, not part of the verdict.
Average — needs more confirmation before sizing up
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 | BEARISH | 42 |
| ⏰ 4H | BEARISH | 30 |
| 🕐 1H | BEARISH | 98 |
| ⏱ 15-Min | BEARISH | 130 |
| ⏲ 5-Min | BULLISH | 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 2026-10-27 · Asset managers net 923449 (+22072)
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.