As most have seen with regard to the current financial meltdown, growth for growth’s sake is not always the best way to approach a long-term growth strategy. Picking and choosing targets of opportunity, with an eye for maintaining growth is, in some instances, a better way to go. Stability and a long-term strategy are the key considerations in boom times, and an approach that will help investors avoid pitfalls when times and trends turn against prevailing patterns.
Premier Power Renewable Energy Inc., a solar power energy systems installer and integrator, works to install and integrate solar energy systems for residential, commercial, agricultural and industrial end users. The company has recently undergone a reverse merger and private placement to become a publicly traded company.
As the solar marketplace continues to find its place within the alternative energy industry, many companies are beginning to stake their place as leading developers, installers and manufacturers. Some have been fast to act and are now considered to be very large players in the field, while others are establishing themselves and becoming profitable in their targeted markets. Serving all levels of solar power customers, Premier Power has followed the latter example to become a profitable company for the last two consecutive years. It installs residential solar energy systems using a variety of attractive, visually transparent systems where possible (and desirable), and thin-film products for larger commercial customers and large utility-level systems that conform to non-invasive environmental considerations.
The company has been having great success over the last several years. Where other, similar companies are just now beginning to become profitable by narrow margins, Premier Power has been profitable for quite some time. By all appearances, its current year looks to be continuing this run. Premier Power’s current successes have also been followed by an aggressive push into Europe, where it already has a solid presence in Spain. Future plans call for expansion into Italy and France. Although the company has been doing good from its bases in Northern/Southern California and New Jersey, it still has many opportunities to mine throughout the US and Canada. How the company approaches its rapid growth is the question. At present, however, Premier Power Renewable Energy is soaking up the sun and profiting nicely by it.
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