Shares of Premier Holding Corp. (OTC: PRHL), an energy service provider and integrator of clean energy solutions, tumbled in Wednesday’s trading session.

The penny stock of PRHL ended the day 36.05% lower at $0.550, with volume up from daily average of 35,314 to 1.30 million. The stock touched an intra-day low of $0.45 on Wednesday. It has fallen more than 49% in the last three trading sessions.

PRHL shares have tumbled this week even as the company made some major announcements.

Earlier this week, Premier Holding announced that its wholly-owned subsidiary, WEPOWER Ecolutions Inc., signed a sales and marketing agreement with The Power Company USA under which Power Company will provide WEPOWER with new sales leads from its existing client base for potential new green buildings products and green services clients.

Power Company, which operates with twelve U.S. deregulated energy states, has some large-scale clients. Kevin Donovan, CEO of WEPOWER Ecolutions, said this week that this is an exciting and natural business alignment for the company. Donovan said that the agreement allows WEPOWER to potentially gain a very large volume of new clients and projects from nationally recognized accounts for the sales of its green building products and service.

WEPOWER, which is based in Los Angeles area, provides renewable energy production, and energy efficiency products and services. Premier Holding provides WEPOWER with financial and management expertise. PRHL also plans to acquire clean technology companies and/or green products and services. The company is specifically interested in businesses that are accretive and can be integrated into WEPOWER. PRHL, this week, announced the acquisition of one such business.

Premier Holding on Wednesday announced the signing of a Letter of Intent (LOI) through WEPOWER to acquire an equity position in Skybridge Solar LLC, a utility-scale, solar power plant developer located in Southern California. Skybridge is currently engaged in the development of four early-stage projects in three states with a total potential capacity of nearly 400 MW. PRHL plans to acquire an equity stake of between 30% and 45% in Skybridge.

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