These Energy Stocks Are Starting To Gain Some Traction
NEW YORK, NY / ACCESSWIRE / June 2, 2016 / Deregulated power is slowly becoming the darling of Wall Street investors craving the next big thing. Other growth opportunities are springing up too and companies like Atlantic Power Corporation (AT), one of the key players in the power generation sector is gaining lots of attention. Atlantic Power Corporation owns and operates a fleet of power generation assets in the United States and Canada. [1]
Clean Energy Fuels Corp. (CLNE), which provides natural gas as an alternative fuel for vehicle fleets in the United States and Canada has seen its fortunes rise as the growth opportunities in the energy space take center stage. CLNE recently announced first-quarter net income of $2.8 million; this comes after the company posted a loss in the same quarter in 2015. [2] The news has created fresh interest not just in CLNE, but in other energy-positioned growth opportunities.
Premier Holding Corporation (PRHL) has become a beacon in the deregulated energy space. PRHL acts as an energy holding company focused on acquiring and integrating energy companies as synergistic subsidiaries. It accumulates residential and commercial clients in deregulated markets from all subsidiaries and cross sells energy and energy efficiency products and services.
Premier Holding Corporation (PRHL) has two main growth engines. The first is The Power Company (TPC), an arm that provides competitive energy pricing for customers and also acts as PRHL’s energy consulting service engine. [3]
The other growth engine is E3 – Energy Efficiency Experts. This division was formed by PRHL to provide the best-of-breed energy reduction solutions for its clients. Using a vendor-independent approach, PRHL prescribes the best solution for the unique circumstance of each client and through its ever-growing acquisitions and alliances; E3 continually strives to provide the important management tools enable future client acquisitions. [4]
>> This Undiscovered Deregulated Energy Stock Could Be Poised For A Move Higher <<
Deregulated power has come a long way since the first US states started opening the supply of electricity and natural gas to competition. Deregulation first adopted in 1997 [5] by Rhode Island and since then more and more Energy Service Companies or ESCOs have come on stream, offering consumers greater and greater choice across the board.
The biggest story has surrounded deregulated electricity supply. The market for competitive electricity has seen rapid growth. Estimates peg growth at around $30B [5] per year over the last 10 years and current estimates pegs the market at greater than $180B. Some states have made deregulation their main focus and in Texas for example, the market was more than $35B at the end of 2010.
PRHL has been positioning itself well in this deregulated market. The company recently announced that it has completed the terms of an LOI to purchase a FERC-licensed supplier of deregulated energy from WWCD, an Illinois LLC. [6]
PRHL followed up the LOI news with an announcement that it completed the terms of an MOU with Intellimeter Canada Inc. (ICI), for a Value-Added Reseller (VAR) Agreement.
This agreement, said the release, “authorizes Premier and its subsidiary, Energy Efficiency Experts (E3), to offer this unique technology as part of its overall “Smart Building” technology solution.” [7] PRHL has also joined forces with J. Joseph Inc. to architect the next iteration of its successful internet-based deregulated sales portal. The goal according to PRHL, is to make this technology as much a game changer in this industry as Quotron was for financial data in the age of ticker tape machines. [8]
PRHL has also recorded a 50% increase in sales staff recruitment, [9] a milestone which has prompted the company to announce very ambitious sales projections.
A release recently confirmed strong growth numbers for the company going forward. According to the release, PRHL currently generates revenue from commissions on the resale of deregulated power – more than 200,000 residential equivalent contracts have been completed since PRHL made its acquisition three years ago. These contracts have been valued in the market from $60,000,000 to $80,000,000 or more if placed with the supplier, a staggering valuation indeed. [10] PRHL now has the capacity to capture full revenues for the supply of power and has projected that the resale of power should generate over $5,000,000 in revenue for the company’s 2016 fiscal/calendar year. [10]
PRHL expects to generate another $3,000,000 in topline revenue from this supplier as it ramps up. Existing sales infrastructure is projected to increase to over $40 million in 2017 – $95 million in 2018. [10]
The energy supply sectors are poised to deliver high returns and companies such as Premier Holding Corporation (PRHL) are key players that cannot be ignored.
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[1] http://www.atlanticpower.com/
[2] http://finance.yahoo.com/news/clean-energy-fuels-tops-1q-224839354.html
[3] http://prhlcorp.com/about-tpc/
[4] http://prhlcorp.com/
[5] http://www.electricenergyonline.com/show_article.php?article=631
[6] http://finance.yahoo.com/news/mission-accomplished-premier-holding-corporation-110000036.html
[7] http://finance.yahoo.com/news/premier-holding-corporation-signs-value-110000110.html
[8] http://finance.yahoo.com/news/premier-holding-corporation-partners-j-110000003.html
[9] http://finance.yahoo.com/news/premier-holding-corp-subsidiary-power-110000507.html
[10] http://finance.yahoo.com/news/premier-holding-corporation-announces-financial-113000819.html
SOURCE: InvestmentResearchReport.com
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