{"scope": "industry", "title": "Utilities - Renewable", "sector": "Utilities", "industry": "Utilities - Renewable", "intelligence": {"score": 43, "label": "Distribution bias", "tone": "negative", "stance": "Demand a stronger confirmation bar", "brief": "Priced common-share disposals are concentrated enough to warrant review, but they are not treated as a standalone bearish forecast.", "confidence": 74, "confidence_label": "Well supported", "filings": 303, "companies": 6, "insiders": 61, "signal_events": 103, "acquisition_events": 19, "disposal_events": 84, "acquisition_share": 18.4, "disposal_share": 81.6, "acquisition_value": 37974990.75, "disposal_value": 590718597.9268, "net_value": -552743607.1768, "acquisition_value_label": "$38.0M", "disposal_value_label": "$590.7M", "net_value_label": "-$552.7M", "data_quality": 60, "priced_common_share": 36, "latest_date": "2026-08-04", "latest_signal_date": "2026-07-20", "oldest_date": "2026-05-15", "evidence_classes": [{"key": "common_equity", "label": "Common equity", "count": 166, "bar_width": 100.0}, {"key": "equity_award", "label": "Equity compensation", "count": 26, "bar_width": 15.7}, {"key": "derivative", "label": "Options and derivatives", "count": 8, "bar_width": 4.8}, {"key": "other", "label": "Other securities", "count": 103, "bar_width": 62.0}], "roles": [{"label": "Director", "count": 227, "bar_width": 100.0}, {"label": "Other or unspecified", "count": 27, "bar_width": 11.9}, {"label": "Other executive", "count": 18, "bar_width": 7.9}, {"label": "Large holder", "count": 14, "bar_width": 6.2}, {"label": "Finance leadership", "count": 10, "bar_width": 4.4}, {"label": "CEO and chair", "count": 7, "bar_width": 3.1}], "supports": ["19 distinct acquisition events survive duplicate and security-type controls.", "Participation spans 61 named insiders rather than one filing source."], "risks": ["Qualifying disposal events outnumber acquisitions, although disposals receive a lower directional weight."]}, "timeline": [{"start": "2026-05-25", "label": "25 May", "acquisitions": 14, "disposals": 29, "qualified_acquisitions": 2, "qualified_disposals": 14, "total": 43, "height": 57.3, "acquisition_height": 32.6, "disposal_height": 67.4}, {"start": "2026-06-01", "label": "01 Jun", "acquisitions": 41, "disposals": 24, "qualified_acquisitions": 1, "qualified_disposals": 8, "total": 65, "height": 86.7, "acquisition_height": 63.1, "disposal_height": 36.9}, {"start": "2026-06-08", "label": "08 Jun", "acquisitions": 13, "disposals": 10, "qualified_acquisitions": 0, "qualified_disposals": 10, "total": 23, "height": 30.7, "acquisition_height": 56.5, "disposal_height": 43.5}, {"start": "2026-06-15", "label": "15 Jun", "acquisitions": 2, "disposals": 9, "qualified_acquisitions": 0, "qualified_disposals": 7, "total": 11, "height": 14.7, "acquisition_height": 18.2, "disposal_height": 81.8}, {"start": "2026-06-22", "label": "22 Jun", "acquisitions": 7, "disposals": 8, "qualified_acquisitions": 5, "qualified_disposals": 2, "total": 15, "height": 20.0, "acquisition_height": 46.7, "disposal_height": 53.3}, {"start": "2026-06-29", "label": "29 Jun", "acquisitions": 32, "disposals": 43, "qualified_acquisitions": 12, "qualified_disposals": 15, "total": 75, "height": 100.0, "acquisition_height": 42.7, "disposal_height": 57.3}, {"start": "2026-07-06", "label": "06 Jul", "acquisitions": 3, "disposals": 8, "qualified_acquisitions": 1, "qualified_disposals": 3, "total": 11, "height": 14.7, "acquisition_height": 27.3, "disposal_height": 72.7}, {"start": "2026-07-13", "label": "13 Jul", "acquisitions": 2, "disposals": 3, "qualified_acquisitions": 1, "qualified_disposals": 1, "total": 5, "height": 6.7, "acquisition_height": 40.0, "disposal_height": 60.0}, {"start": "2026-07-20", "label": "20 Jul", "acquisitions": 0, "disposals": 1, "qualified_acquisitions": 0, "qualified_disposals": 1, "total": 1, "height": 1.3, "acquisition_height": 0.0, "disposal_height": 100.0}, {"start": "2026-07-27", "label": "27 Jul", "acquisitions": 2, "disposals": 0, "qualified_acquisitions": 0, "qualified_disposals": 0, "total": 2, "height": 2.7, "acquisition_height": 100.0, "disposal_height": 0.0}, {"start": "2026-08-03", "label": "03 Aug", "acquisitions": 2, "disposals": 0, "qualified_acquisitions": 0, "qualified_disposals": 0, "total": 2, "height": 2.7, "acquisition_height": 100.0, "disposal_height": 0.0}, {"start": "2026-08-10", "label": "10 Aug", "acquisitions": 0, "disposals": 0, "qualified_acquisitions": 0, "qualified_disposals": 0, "total": 0, "height": 0.0, "acquisition_height": 0, "disposal_height": 0}], "peers": [{"label": "Utilities - Regulated Gas", "score": 81, "confidence": 98}, {"label": "Utilities - Regulated Water", "score": 69, "confidence": 86}, {"label": "Multiline Utilities", "score": 66, "confidence": 44}, {"label": "Utilities - Regulated Electric", "score": 51, "confidence": 93}, {"label": "Utilities - Renewable", "score": 43, "confidence": 74}, {"label": "Utilities - Independent Power Producers", "score": 30, "confidence": 64}, {"label": "Utilities - Diversified", "score": 20, "confidence": 45}], "leaders": {"constructive": [{"symbol": "STEM", "name": "Stem Inc", "score": 66, "confidence": 81}], "cautious": [{"symbol": "FLNC", "name": "Fluence Energy Inc", "score": 16, "confidence": 76}, {"symbol": "ORA", "name": "Ormat Technologies Inc", "score": 17, "confidence": 64}, {"symbol": "NRGV", "name": "Energy Vault Holdings Inc", "score": 41, "confidence": 59}, {"symbol": "EBR-B", "name": "Centrais El\u00e9tricas Brasileiras S.A. - Eletrobr\u00e1s", "score": 41, "confidence": 83}], "active": [{"symbol": "EBR-B", "name": "Centrais El\u00e9tricas Brasileiras S.A. - Eletrobr\u00e1s", "score": 41, "confidence": 83}, {"symbol": "STEM", "name": "Stem Inc", "score": 66, "confidence": 81}, {"symbol": "FLNC", "name": "Fluence Energy Inc", "score": 16, "confidence": 76}, {"symbol": "ORA", "name": "Ormat Technologies Inc", "score": 17, "confidence": 64}, {"symbol": "NRGV", "name": "Energy Vault Holdings Inc", "score": 41, "confidence": 59}, {"symbol": "CWEN", "name": "Clearway Energy Inc Class C", "score": 50, "confidence": 35}]}, "method": "Group reads measure breadth and conviction across controlled company-level insider evidence; they are classifications, not forecasts."}