{
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  "docSlug": "522270211ac4",
  "documentTitle": "Sunnova Energy International Inc. (NOVA)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Spruce Point Capital Management",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2020-09-29 00:00:00",
  "orientation": "landscape",
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  "pageNumber": 72,
  "pageCount": 91,
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  "nextPage": 73,
  "slideType": "expose_contradiction",
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  "density": "balanced",
  "nDataPoints": 0,
  "notes": "Uses a timeline-like sequence of events to imply opportunistic behavior by an insider.",
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  "metadataConfidence": 0.95,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622c-750b-8b98-fa7fcd640a8d/72",
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  "components": [
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      "kind": "callout",
      "text": "ECP provided Sungevity with project financing in 2013. The loan was repaid in December 2016, three months before the Company filled for bankruptcy protection. ECP exited Sungevity at the perfect time. We believe it is wise to follow the activity of insiders.",
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      "kind": "list",
      "text": "Sungevity Cuts Staff by Two-Thirds as Downward Spiral Continues. This round of layoffs didn't come with severance pay. JULIAN SPECTOR | MARCH 09, 2017",
      "attrs": null,
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        "x": 0.18,
        "y": 0.8
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      "kind": "list",
      "text": "Sungevity files for Chapter 11 bankruptcy. By Kelsey Misbrener | March 14, 2017",
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      "kind": "list",
      "text": "Sungevity: In January 2013, Energy Capital provided Sungevity with project financing... ECP's loan was repaid in December 2016.",
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        "x": 0.18,
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      },
      "kind": "source-note",
      "text": "Source: Energy Capital Partners, Greentech Media, Solar Power World",
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      "kind": "title",
      "text": "ECP Exited Sungevity At The Perfect Time",
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  "metrics": [],
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  "frameworks": [
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      "name": "antagonist-introduction",
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      "matchId": "679cd73b-3866-4650-a78e-aa991c2f2af9",
      "evidence": "Frames ECP as an opportunistic insider exiting before a collapse.",
      "confidence": 0.8
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  "arcBeats": [],
  "loops": [
    {
      "to": 73,
      "from": 67,
      "name": "Cost Of Inaction",
      "slug": "27-cost-of-inaction",
      "bestFor": "Urgent budget requests, compliance, risk mitigation",
      "matchId": "f9444652-8e5a-45f3-a861-29cd73df6034",
      "evidence": "The document highlights the risks of not selling Sunnova stock, including the potential for significant losses.",
      "position": 1,
      "objective": "To highlight the risks of not selling Sunnova stock",
      "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point",
      "confidence": 0.7,
      "description": "Quantify what happens if the audience does nothing"
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