SeeThruEquity Issues Company Update on Premier Holding Corporation (OTCQB: PRHL)

NEW YORK, NY / ACCESSWIRE / June 8, 2016 / SeeThruEquity, a leading independent equity research and corporate access firm focused on small-cap and micro-cap public companies, today announced it has issued an update on Premier Holding Corporation (OTCQB: PRHL).

The report is available here: PRHL June Update. SeeThruEquity is an approved equity research contributor on Thomson First Call, Capital IQ, FactSet, and Zack’s. The report will be available on these platforms. The firm also contributes its estimates to Thomson Estimates, the leading estimates platform on Wall Street.

“The newly proposed acquisition appears to be a good fit for the company, as it would position PRHL as a supplier, allowing for potential integration synergies with its power broker subsidiary, TPC. PRHL has stated that subsidiary power broker TPC has sold nearly 200,000 new customers in recent years, and management expects the acquisition of a power supply company to enable it to generate significantly more value per new customer sale. Indeed, in its release announcing the acquisition, the company estimated that revenue potential per new customer will be enhanced by nearly ten times, with profit potential per new customer rising by 2x-3x. Clearly, if PRHL is able to complete the acquisition and meet these targets, it would have a significant impact on its operating model,” stated Ajay Tandon, CEO of SeeThruEquity.

Additional highlights from the note are as follows:

Acquisition of power supplier a transformative move

On May 9, 2016, PRHL announced that it had completed the acquisition of a FERC-licensed supplier of deregulated energy from WWCD, an Illinois LLC. According to commentary from management, the move would “accelerate dramatic growth” and stability for the company. We note that were initially intrigued by the company’s proposed acquisition of NY-based Lexington Power & Light, LLC, a proposed deal which was terminated in 2Q15 due to nonperformance by LP&L under the terms of the agreement according to PRHL filings. The newly proposed acquisition appears to be a good fit for the company, as it would position PRHL as having the capability to become a vertically integrated player, allowing for potential integration synergies with its power broker subsidiary, TPC.

Strong post-merger outlook

On May 31, 2016 PRHL issued an investor update which outlined robust growth projections for 2016E -2018E. The projections assume the consummation of its proposed power supplier acquisition, which has not closed as of this note. In the announcement, CEO Randall Letcavage stated that the deal could significantly augment the revenues generated by the company’s TPC subsidiary as it sells deregulated power –perhaps raising the financial impact to PRHL by as much as “ten times” with higher profit potential of 2-3x as well. Specifically, PRHL sees revenue rising substantially in 2016E, and management stated that it expects 2016E to be the third consecutive year of double-digit revenue increases. For 2017E management projected revenues of $40mn, growing to $95mn in 2017E as the company shifts sales over to its supplier.

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About Premier Holding Corporation

The Company provides financial support and management expertise, which includes access to capital, financing, legal, insurance, mergers, acquisitions, joint ventures and management strategies. The Company’s mission is to acquire clean technology companies and/or green products and services that are accretive and that can be seamlessly integrated and utilize the overall economics of such products and services for the benefit of its customers. Through subsidiaries we offer renewable energy production, energy efficiency products and services to commercial middle-market companies, Fortune 500 brands, developers and management companies of large-scale residential developments. Additional integrated business offerings include direct energy services as power purchase agreements (PPAs), energy financing and leasing of generation programs in urban and rural real estate environments, lighting efficiency systems and refrigeration systems. For more information, visit PRHL Investors Relations: www.prhlcorp.com.

About SeeThruEquity

SeeThruEquity is an equity research and corporate access firm focused on companies with less than $1 billion in market capitalization. The research is not paid for and is unbiased. The company does not conduct any investment banking or commission based business. SeeThruEquity is approved to contribute its research to Thomson One Analytics (First Call), Capital IQ, FactSet, Zacks, and distribute its research to its database of opt-in investors. The company also contributes its estimates to Thomson Estimates, the leading estimates platform on Wall Street.

For more information visit www.seethruequity.com.

Contact:

Ajay Tandon
SeeThruEquity
info@seethruequity.com

SOURCE: SeeThruEquity

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