slides · global inventory
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Matching slides 79,264
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68,821-68,850 of 79,264
34
Includes a table showing historical SREC revenue and growth, with red boxes highlighting recent declines in 2020.Sunnova Energy International Inc. (NOVA) · Spruce Point Capital Management
Activist deck Short seller 1 hit
35
Uses a scenario-based logic to argue that both outcomes (renewal vs. no renewal) are negative for the company.Sunnova Energy International Inc. (NOVA) · Spruce Point Capital Management
Activist deck Short seller 1 hit
36
The table illustrates the sensitivity of project economics to regulatory tax incentives.Sunnova Energy International Inc. (NOVA) · Spruce Point Capital Management
Activist deck Short seller 1 hit
40
Uses a bar chart to show market positioning and quotes to frame the acquisition as a cost-saving necessity.Sunnova Energy International Inc. (NOVA) · Spruce Point Capital Management
Activist deck Short seller 1 hit
51
Uses red boxes and arrows to highlight the discrepancy in interest expense placement.Sunnova Energy International Inc. (NOVA) · Spruce Point Capital Management
Activist deck Short seller 1 hit
53
Uses a testimonial/quote from a former executive to undermine the company's preferred financial metric.Sunnova Energy International Inc. (NOVA) · Spruce Point Capital Management
Activist deck Short seller 1 hit
54
The chart shows a widening gap between positive Adjusted EBITDA and increasingly negative cash flow metrics.Sunnova Energy International Inc. (NOVA) · Spruce Point Capital Management
Activist deck Short seller 1 hit
55
The chart highlights the discrepancy between reported Adjusted EBITDA and the underlying cash-intensive nature of the business.Sunnova Energy International Inc. (NOVA) · Spruce Point Capital Management
Activist deck Short seller 1 hit
57
The chart uses red bars for negative values and green for positive, emphasizing the negative trend.Sunnova Energy International Inc. (NOVA) · Spruce Point Capital Management
Activist deck Short seller 1 hit
59
The slide uses a comparison of two bar charts to show how changing the discount rate from 6% to 4% significantly inflates the reported CCV.Sunnova Energy International Inc. (NOVA) · Spruce Point Capital Management
Activist deck Short seller 1 hit
61
The slide highlights that Sunnova's true gross margin is significantly lower than reported GAAP figures when financing costs are included.Sunnova Energy International Inc. (NOVA) · Spruce Point Capital Management
Activist deck Short seller 1 hit
62
The table uses a green box to highlight the company's reported adjusted OCF and a red box to highlight the analyst's adjusted OCF and the resulting delta.Sunnova Energy International Inc. (NOVA) · Spruce Point Capital Management
Activist deck Short seller 1 hit
63
The table highlights the shifting line items used by the company to adjust operating cash flow over time.Sunnova Energy International Inc. (NOVA) · Spruce Point Capital Management
Activist deck Short seller 1 hit
64
The slide uses a red box to highlight the 12/31/19 data point for Sunnova, contrasting it with peers.Sunnova Energy International Inc. (NOVA) · Spruce Point Capital Management
Activist deck Short seller 1 hit
67
The slide uses a combination of bar charts and trend lines to argue that revenue growth is structurally declining.Sunnova Energy International Inc. (NOVA) · Spruce Point Capital Management
Activist deck Short seller Loop · Cost Of Inaction1 hit
68
The slide uses a dual-chart layout to contrast GAAP performance with adjusted metrics, highlighting the discrepancy.Sunnova Energy International Inc. (NOVA) · Spruce Point Capital Management
Activist deck Short seller Loop · Cost Of Inaction1 hit
69
The slide uses a table to highlight the company's cash burn and capital expenditure requirements over time.Sunnova Energy International Inc. (NOVA) · Spruce Point Capital Management
Activist deck Short seller Loop · Cost Of Inaction1 hit
71
Uses press release excerpts and a custom table to track ECP's share reduction.Sunnova Energy International Inc. (NOVA) · Spruce Point Capital Management
Activist deck Short seller Loop · Cost Of Inaction1 hit
78
The slide highlights a governance risk (ISS score of 9) and contrasts the peer selection criteria of two companies.Sunnova Energy International Inc. (NOVA) · Spruce Point Capital Management
Activist deck Short seller 1 hit
84
The table uses two distinct valuation frameworks to arrive at a single-digit share price range.Sunnova Energy International Inc. (NOVA) · Spruce Point Capital Management
Activist deck Short seller Beat · Solution (Provide relief)1 hit
85
The slide highlights the valuation discrepancy between Sunnova and its peers, suggesting an overvaluation.Sunnova Energy International Inc. (NOVA) · Spruce Point Capital Management
Activist deck Short seller Beat · Solution (Provide relief)1 hit
86
The slide uses callouts to argue that Sunnova's high valuation is unjustified and likely to contract.Sunnova Energy International Inc. (NOVA) · Spruce Point Capital Management
Activist deck Short seller Beat · Solution (Provide relief)1 hit
87
The slide uses red underlining to highlight the specific mentions of 'EBITDA' in the analyst reports to emphasize the critique.Sunnova Energy International Inc. (NOVA) · Spruce Point Capital Management
Activist deck Short seller Beat · Solution (Provide relief)1 hit
88
The slide uses red callout boxes to point out specific accounting/valuation flaws in the provided table.Sunnova Energy International Inc. (NOVA) · Spruce Point Capital Management
Activist deck Short seller Beat · Solution (Provide relief)1 hit
89
The table lists analyst ratings, price targets, and valuation methodologies to demonstrate inconsistency and perceived overvaluation.Sunnova Energy International Inc. (NOVA) · Spruce Point Capital Management
Activist deck Short seller Beat · Solution (Provide relief)1 hit
91
Includes a table showing the decline of SolarCity's market share post-acquisition by Tesla.Sunnova Energy International Inc. (NOVA) · Spruce Point Capital Management
Activist deck Short seller Beat · Solution (Provide relief)1 hit
06
The slide uses a classic activist short-seller structure: thesis statement, governance critique, and a list of 'headwinds' to justify the valuation downside.Avery Dennison Corporation (AVY) · Ben Axler
Activist deck Short seller Beat · Problem1 hit
07
This is a classic activist short thesis slide, focusing on 'financial strain' and 'accounting manipulation'.Avery Dennison Corporation (AVY) · Ben Axler
Activist deck Short seller Beat · Problem1 hit
08
The slide uses a structured list format to present multiple pillars of an activist short thesis.Avery Dennison Corporation (AVY) · Ben Axler
Activist deck Short seller Beat · Problem1 hit
10
The table demonstrates the impact of adding back unfunded pension, operating leases, and environmental liabilities to the enterprise value.Avery Dennison Corporation (AVY) · Ben Axler
Activist deck Short seller Beat · ProblemLoop · Cost Of Inaction1 hit