After opening this week on a lackluster trading volume note, shares of Premier Alliance Group (PIMO) saw a bit more action on Wednesday with over 17,000 shares trading hands - about a third higher than the norm. As discussed earlier in the week, Premier is primed to take advantage of the growing regulation from state and federal governments regarding energy consumption. The company has already banked multiple clients in Southern California related to finding energy efficiencies, tax incentives and cost savings for companies and local governments through its GreenHouse division, a recognized expert in the region for its energy-related advisory and consulting services.
GreenHouse has been especially successful in assisting clients meet the standards and requirements of the Southern California Edison's (SCE) Automated Demand Response (Auto-DR) program, which has led to those customers enjoying significant monetary savings through tax incentives and and energy efficiency.
Premier and GreenHouse also have an "in" with the military, as a major contract was secured late last year to conduct a complete energy audit of the Port Hueneme and Port Mugu Naval Bases in Ventura County, California. This deal is believed to be the first of its kind, in terms of size and scope, and will assist those bases in meeting the Department of Defense's (DOD) Energy Mandate for 2020, which was recently announced. Should this contract lead to additional military base-related contracts, it could provide for a quick increase of steady revenue for Premier.
Generally, contractors awarded a DOD contract are often asked back for more.
Although focus has been on the company's growing presence in the energy advisory market, if for no other reason than because that is a booming market right now, Premier is also growing its customer base in its other, more diversified service specialties.
Premier has an existing presence and expertise in the fields of Governance, Risk & Compliance (GRC), Business Performance & Technology, and Finance & Accounting, with Knowledge Based Expertise targeted in the financial services and life sciences / biotechnology industries. As demonstrated by a slew of press releases over the early course of 2012, the company is growing its customer base in each of these fields while also receiving a boom in business in relation to its GreenHouse division.
The growth in customer base demonstrated during the first quarter of this year could be an indication that PIMO may not be trading under the radar for too much longer.
This will be a company and a stock to watch during the coming months, especially if some increased trading volume comes in.
Disclosure: Long PIMO. VFC's Stock House has been compensated by a third party, The ProActive Network, to provide research and coverage of Premier Alliance Group (PIMO.OB) for a period of thirty days beginning on 16 April. The goal of VFC's Stock House is to bring new ideas, companies and discussions to investors and readers. With respect to the increased amount of time necessary to maintain quality, VFC's Stock House is at times compensated from third parties to research and cover certain companies that fit the profile of what interests the readers of VFC's Stock House. While taking compensation poses as an inherent perception of bias in coverage, the ultimate goal is to bring ideas and information to the eyes of readers, who can then decide what is and what is not relevant. Happy Trading.
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