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slides · global inventory

Fraud Exposure

Framework collection for the active corpus filters, with each row opening the slide detail view.

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Matching slides 6,793
Current window 2,731-2,760
Pages 227
Rows per page 30
Framework: Fraud Exposureclear collectionreset all
18 30 60

Framework

2,731-2,760 of 6,793

filter-aware
07
This is a classic activist short-thesis slide, focusing on 'accounting manipulation' and 'misleading metrics'.Sunnova Energy International Inc. (NOVA) · Spruce Point Capital Management
Activist deck Short seller Beat · Problem (Identify pain)1 hit
14
The slide highlights a shift from positive to negative margins in the adjusted calculation.Sunnova Energy International Inc. (NOVA) · Spruce Point Capital Management
Activist deck Short seller Beat · Agitate (Make it worse)Loop · Iceberg1 hit
15
The table demonstrates the discrepancy between company-reported adjusted OCF and Spruce Point's adjusted OCF by subtracting items the company adds back.Sunnova Energy International Inc. (NOVA) · Spruce Point Capital Management
Activist deck Short seller Beat · Agitate (Make it worse)Loop · Iceberg1 hit
16
The table highlights the shifting terminology and values used by the company over time.Sunnova Energy International Inc. (NOVA) · Spruce Point Capital Management
Activist deck Short seller Beat · Agitate (Make it worse)Loop · Iceberg1 hit
18
Highlights specific accounting policy language from company filings to contrast methods.Sunnova Energy International Inc. (NOVA) · Spruce Point Capital Management
Activist deck Short seller Beat · Agitate (Make it worse)Loop · Iceberg1 hit
20
Uses press release excerpts and a data table to demonstrate insider selling.Sunnova Energy International Inc. (NOVA) · Spruce Point Capital Management
Activist deck Short seller Beat · Agitate (Make it worse)Loop · Iceberg1 hit
22
Uses a side-by-side comparison of a biography snippet and a company description to expose an omission.Sunnova Energy International Inc. (NOVA) · Spruce Point Capital Management
Activist deck Short seller 1 hit
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
47
The slide uses a two-column layout to present evidence of counterparty risk through news clippings and DOJ press releases.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
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
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
65
Highlights the specific accounting policy differences between the target and its peers using excerpts from company filings.Sunnova Energy International Inc. (NOVA) · Spruce Point Capital Management
Activist deck Short seller 1 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
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
74
Uses a visual '?' to point out the discrepancy between the official company bio and the LinkedIn work history.Sunnova Energy International Inc. (NOVA) · Spruce Point Capital Management
Activist deck Short seller 1 hit
77
The slide uses a 'before-after' or 'contradiction' framing to cast doubt on the CFO's transparency.Sunnova Energy International Inc. (NOVA) · Spruce Point Capital Management
Activist deck Short seller 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
90
The slide lists the portfolios of three specific analysts to demonstrate their lack of leasing-focused coverage.Sunnova Energy International Inc. (NOVA) · Spruce Point Capital Management
Activist deck Short seller Beat · Solution (Provide relief)1 hit
78
Includes red annotations (circles and arrows) highlighting the specific figures in the source documents.GFL Environmental Inc. (GFL) · Spruce Point Capital Management
Activist deck Short seller 1 hit
83
The slide uses a primary source document (email) to expose a conflict of interest or hidden financial motive.GFL Environmental Inc. (GFL) · Spruce Point Capital Management
Activist deck Short seller 1 hit
86
Uses a chronological structure to contrast corporate narrative with reality.GFL Environmental Inc. (GFL) · Spruce Point Capital Management
Activist deck Short seller 1 hit
88
The slide uses a table of property addresses and visual evidence (photos/maps) to support the claim of excessive perquisites.GFL Environmental Inc. (GFL) · Spruce Point Capital Management
Activist deck Short seller 1 hit
92
The slide uses a table to contrast the company's claims of independence against specific biographical and professional ties.GFL Environmental Inc. (GFL) · Spruce Point Capital Management
Activist deck Short seller 1 hit
96
Uses red circles and lines to visually connect conflicting data points across three different financial data sources.GFL Environmental Inc. (GFL) · Spruce Point Capital Management
Activist deck Short seller 1 hit