New Era Energy & Digital (NUAI)
Market Price (3/9/2026): $4.64 | Market Cap: $136.9 MilSector: Information Technology | Industry: Systems Software
New Era Energy & Digital (NUAI)
Market Price (3/9/2026): $4.64Market Cap: $136.9 MilSector: Information TechnologyIndustry: Systems Software
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 51% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -17 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -1996% |
| Megatrend and thematic driversMegatrends include Renewable Energy Transition, Smart Grids & Grid Modernization, and Hydrogen Economy. Themes include Battery Storage & Grid Modernization, Show more. | Expensive valuation multiplesP/SPrice/Sales ratio is 160x |
| Stock price has recently run up significantly6M Rtn6 month market price return is 1110%, 12M Rtn12 month market price return is 867% | |
| Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 818% | |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -1205%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -1398% | |
| Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 269% | |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -22% | |
| High stock price volatilityVol 12M is 252% | |
| Significant short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 23% | |
| Key risksNUAI key risks include [1] poor financial health and going concern uncertainty, Show more. |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 51% |
| Megatrend and thematic driversMegatrends include Renewable Energy Transition, Smart Grids & Grid Modernization, and Hydrogen Economy. Themes include Battery Storage & Grid Modernization, Show more. |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -17 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -1996% |
| Expensive valuation multiplesP/SPrice/Sales ratio is 160x |
| Stock price has recently run up significantly6M Rtn6 month market price return is 1110%, 12M Rtn12 month market price return is 867% |
| Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 818% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -1205%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -1398% |
| Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 269% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -22% |
| High stock price volatilityVol 12M is 252% |
| Significant short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 23% |
| Key risksNUAI key risks include [1] poor financial health and going concern uncertainty, Show more. |
Qualitative Assessment
AI Analysis | Feedback
1. Significant Financial Losses and High Capital Requirements.
New Era Energy & Digital reported a loss from operations exceeding $4.2 million for the third quarter of 2025, with total revenue of $159,411, as the company continues its transition from legacy energy operations. This reflects a considerable burn rate, especially when contrasted with the company's approximately $14.16 million in cash reserves against the estimated capital requirement of at least $500 million for its ambitious 1-gigawatt AI data center project.
2. Skepticism Regarding AI Infrastructure Strategy and Execution.
Despite the company's pivot towards becoming a vertically integrated AI infrastructure platform, substantial concerns have emerged regarding the feasibility and execution of this strategy. Analysts and short-sellers have highlighted management's lack of direct operational experience in data center development or power plant construction, the absence of secured anchor tenants, and a reported lack of necessary permits or engineering job listings for the Texas Critical Data Centers (TCDC) project.
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Stock Movement Drivers
Fundamental Drivers
The -10.4% change in NUAI stock from 11/30/2025 to 3/8/2026 was primarily driven by a -10.4% change in the company's P/S Multiple.| (LTM values as of) | 11302025 | 3082026 | Change |
|---|---|---|---|
| Stock Price ($) | 5.09 | 4.56 | -10.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1 | 1 | 0.0% |
| P/S Multiple | 119.9 | 107.4 | -10.4% |
| Shares Outstanding (Mil) | 13 | 13 | 0.0% |
| Cumulative Contribution | -10.4% |
Market Drivers
11/30/2025 to 3/8/2026| Return | Correlation | |
|---|---|---|
| NUAI | -10.4% | |
| Market (SPY) | -1.6% | 7.2% |
| Sector (XLK) | -4.1% | 11.5% |
Fundamental Drivers
The 815.7% change in NUAI stock from 8/31/2025 to 3/8/2026 was primarily driven by a 0.0% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 8312025 | 3082026 | Change |
|---|---|---|---|
| Stock Price ($) | 0.50 | 4.56 | 815.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | � | 1 | 0.0% |
| P/S Multiple | � | 107.4 | 0.0% |
| Shares Outstanding (Mil) | 6 | 13 | -53.8% |
| Cumulative Contribution | 0.0% |
Market Drivers
8/31/2025 to 3/8/2026| Return | Correlation | |
|---|---|---|
| NUAI | 815.7% | |
| Market (SPY) | 4.5% | 14.4% |
| Sector (XLK) | 4.8% | 12.3% |
Fundamental Drivers
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Market Drivers
2/28/2025 to 3/8/2026| Return | Correlation | |
|---|---|---|
| NUAI | ||
| Market (SPY) | 14.2% | 15.6% |
| Sector (XLK) | 22.3% | 13.7% |
Fundamental Drivers
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Market Drivers
2/28/2023 to 3/8/2026| Return | Correlation | |
|---|---|---|
| NUAI | ||
| Market (SPY) | 76.0% | 15.6% |
| Sector (XLK) | 105.2% | 13.7% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| NUAI Return | - | - | - | - | 521% | 61% | 899% |
| Peers Return | 8% | -42% | 55% | 11% | -22% | -21% | -33% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -0% | 82% |
Monthly Win Rates [3] | |||||||
| NUAI Win Rate | - | - | - | - | 60% | 67% | |
| Peers Win Rate | 52% | 35% | 60% | 62% | 53% | 27% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 33% | |
Max Drawdowns [4] | |||||||
| NUAI Max Drawdown | - | - | - | - | -30% | 0% | |
| Peers Max Drawdown | -14% | -49% | -16% | -29% | -37% | -29% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -1% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: GEN, PATH, S, CVLT, CHOW.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 3/6/2026 (YTD)
How Low Can It Go
NUAI has limited trading history. Below is the Information Technology sector ETF (XLK) in its place.
| Event | XLK | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -34.0% | -25.4% |
| % Gain to Breakeven | 51.6% | 34.1% |
| Time to Breakeven | 278 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -31.5% | -33.9% |
| % Gain to Breakeven | 46.0% | 51.3% |
| Time to Breakeven | 79 days | 148 days |
| 2018 Correction | ||
| % Loss | -24.1% | -19.8% |
| % Gain to Breakeven | 31.8% | 24.7% |
| Time to Breakeven | 105 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -53.6% | -56.8% |
| % Gain to Breakeven | 115.3% | 131.3% |
| Time to Breakeven | 1,183 days | 1,480 days |
Compare to GEN, PATH, S, CVLT, CHOW
In The Past
SPDR Select Sector Fund's stock fell -34.0% during the 2022 Inflation Shock from a high on 12/27/2021. A -34.0% loss requires a 51.6% gain to breakeven.
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About New Era Energy & Digital (NUAI)
AI Analysis | Feedback
Here are 1-3 brief analogies for New Era Energy & Digital (NUAI):
Think of it as Tesla Energy for the grid, combined with Microsoft Azure for its digital brain.
Like Amazon Web Services (AWS), but specialized in sustainable energy and critical digital infrastructure.
The NextEra Energy of the digital age, focused on integrated sustainable energy and tech solutions.
AI Analysis | Feedback
New Era Energy & Digital (NUAI) was a Special Purpose Acquisition Company (SPAC) that merged with Infinite Assets, Inc. (InfiniteWorld). The major services associated with the NUAI ticker during its operational period included:- Metaverse Platform Solutions: Providing tools and infrastructure for brands to build, manage, and engage with digital experiences in the metaverse.
- NFT Creation & Distribution: End-to-end services for minting, managing, and distributing Non-Fungible Tokens (NFTs) for various digital assets.
- Web3 Strategy & Consulting: Offering expertise and guidance to businesses on integrating blockchain, NFTs, and metaverse strategies into their operations.
AI Analysis | Feedback
Major Customers of New Era Energy & Digital (NUAI)
New Era Energy & Digital (NUAI) primarily sells its services to other businesses (B2B). The company focuses on developing, owning, and operating mission-critical data centers and related energy assets.
While New Era Energy & Digital does not publicly disclose the specific names of its major customers in its SEC filings or other readily available public information, its business model indicates that it serves a range of corporate clients that require digital infrastructure solutions. Based on the industry and the services NUAI provides, its customers typically fall into the following categories:
- Enterprise Businesses: This broad category includes companies across various industries (e.g., finance, healthcare, manufacturing, retail) that require secure, reliable, and high-availability facilities to host their critical IT infrastructure, servers, and networking equipment. These businesses often use colocation services for their primary data operations, disaster recovery sites, or edge computing needs.
- Cloud and Managed Service Providers (MSPs): These are companies that offer their own cloud computing services (Infrastructure-as-a-Service, Platform-as-a-Service, Software-as-a-Service) or managed IT services to their own client base. They utilize NUAI's data center infrastructure to build out and expand their service offerings, benefiting from the robust power, cooling, and connectivity provided.
- Telecommunications and Network Service Providers: These businesses require strategically located data centers for network interconnection, housing their own network equipment (such as routers and switches), and expanding their global or regional footprint. This includes companies involved in internet backbone services, content delivery networks (CDNs), and various other telecommunication services.
AI Analysis | Feedback
nullAI Analysis | Feedback
New Era Energy & Digital, Inc. (NUAI) has a management team with experience in the energy and finance sectors, including leadership in oil and gas and sustainability.E. Will Gray II, Chairman, CEO & Interim CFO
Mr. Gray is a founding partner and the current Chief Executive Officer of New Era Energy & Digital, Inc. (formerly New Era Helium, Inc.). He has extensive C-Level experience in the oil and gas industry, having served as Executive Vice President of Resaca Exploitation (a Torch portfolio company), Chairman and Chief Executive Officer of Cross Border Resources, Chief Executive Officer of Dala Petroleum, and President of WS Oil and Gas. Since 2005, Mr. Gray has directly operated over 950 wells across New Mexico, Texas, and Oklahoma. He also serves as a trustee and investment committee member for the Texas State University Development Foundation.Michael Rugen, Head of Accounting
Mr. Rugen, a CPA, brings 40 years of experience in executive, accounting, and finance roles, primarily within exploration and production (E&P) and oilfield services companies. He previously held the position of CFO for Riley Exploration Permian, Inc., a NYSE American-listed oil and gas company, and served as CFO and Interim CEO of its predecessor, Tengasco, Inc.Charles Nelson, Executive Director
Charles Nelson is listed as an Executive Director. Specific detailed background information matching the requested criteria was not readily available in the provided search results beyond his title.Trent Yang, Board Member
Mr. Yang is a recognized leader in renewable energy with nearly two decades of experience as an investor, entrepreneur, and executive in the sustainability sector. From 2020 to 2025, he co-founded and served as President of Galway Sustainable Capital, where he helped raise nearly $700 million in institutional capital and co-led investments in clean energy, green infrastructure, sustainable mobility, and advanced recycling. Previously, he oversaw sustainability and international private equity investments at AMG National Trust and contributed to building several billion-dollar companies.Peter ("P.J.") Lee, Board Member
Mr. Lee is a Co-Founder and Managing Partner of EverStream Energy Capital Management LLC, a global investment firm specializing in sustainable energy and digital infrastructure companies and assets, a role he has held since January 2012. His responsibilities include fundraising, sourcing, and managing investments. He has co-founded several energy company platforms, including Terraform Power, TerraForm Global, Pacific Solar (Japan), Enfinity Global, and a 700 MW Bitcoin data center venture. He has been instrumental in generating billions in value by aligning capital providers, corporates, and tech founders, while also driving operational excellence within portfolio companies.AI Analysis | Feedback
New Era Energy & Digital (NUAI) faces several significant risks to its business, primarily centered around its financial stability and the ambitious transition to an AI-focused digital infrastructure model.The most significant risk to New Era Energy & Digital is its poor financial health and going concern uncertainty. The company has a history of significant losses, negative cash flows, and excessive debt, leading to a distressed Altman Z-Score, which suggests a possibility of bankruptcy within two years. NUAI is reportedly burning through cash at an alarming rate, and its reliance on equity purchase facilities and convertible notes, often with unfavorable terms, indicates struggles to secure traditional financing. The company itself has acknowledged a short operating history, making future profitability difficult to predict, and has raised doubts about its ability to continue as a going concern.
Secondly, the company faces substantial execution risk related to its transition to an AI data center strategy. New Era Energy & Digital is pivoting from its legacy helium and natural gas operations to become a developer of AI-optimized digital infrastructure. Concerns have been raised regarding the company's ability to execute this ambitious strategy, including allegations that it lacks the necessary permits, guaranteed financing, and data center engineering expertise. A short-seller report claims that the company's existing gas production capacity is insufficient to support its announced plans, and satellite imagery has reportedly shown undeveloped land where facilities were promised.
Finally, New Era Energy & Digital is at risk of Nasdaq non-compliance and potential delisting. The company has received multiple notices from Nasdaq regarding its failure to comply with listing requirements, specifically concerning the market value of its listed securities. This ongoing non-compliance could lead to the delisting of NUAI's stock, which would significantly impact its ability to raise capital and its visibility in the market.
AI Analysis | Feedback
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AI Analysis | Feedback
New Era Energy & Digital (NUAI) primarily focuses on the development and operation of next-generation digital infrastructure and integrated power assets, specifically AI-focused data centers. The company provides powered land, powered shells, and turnkey solutions for hyperscale, enterprise, and edge operators, leveraging natural gas reserves for power generation.
The addressable market for AI infrastructure is projected to be significant on a global scale. Companies worldwide are expected to spend $375 billion on AI infrastructure in 2025, with this figure rising to $500 billion in 2026. The AI infrastructure market is anticipated to exceed $200 billion by 2028.
AI Analysis | Feedback
New Era Energy & Digital (NUAI) is expected to drive future revenue growth over the next 2-3 years through several key initiatives:
- Development and Operation of AI Data Centers and Digital Infrastructure: The company has strategically rebranded to focus on next-generation digital infrastructure and integrated power assets. A significant driver will be the development of large-scale AI data center campuses, including a 7-gigawatt (GW) AI data center hub in Lea County, New Mexico. New Era Energy & Digital plans to offer powered shell buildings and powered land lease options to hyperscale, enterprise, and edge operators, providing turnkey solutions for data center deployment.
- Growth of the Texas Critical Data Centers (TCDC) Joint Venture: Revenue growth is also anticipated from the Texas Critical Data Centers (TCDC) joint venture. A 250-megawatt (MW) AI data center project within this venture is expected to be online by the end of 2027. Phase 1 of this project has been completed, and Phase 2 is underway, with plans to scale up to over 1 GW, indicating substantial expansion in this segment.
- Monetization of Helium, Oil, and Natural Gas Reserves: Despite a strategic shift towards digital infrastructure, New Era Energy & Digital continues to hold and operate a portfolio of approximately 137,000 acres in Southeast New Mexico for the exploration, development, and production of helium, oil, and natural gas. Revenue from its helium business is projected to commence by the end of 2025.
- Expansion into New Energy Solutions, Including Nuclear Power: As part of its digital infrastructure strategy, New Era Energy & Digital is planning a 5+ GW nuclear installation, alongside more than 2 GW of natural gas generation, at its New Mexico AI data center site. This expansion into substantial and diverse energy solutions will power its digital infrastructure and represents a significant long-term revenue driver.
- Offering Turnkey Solutions for Hyperscale, Enterprise, and Edge Operators: The company's vertically integrated model is designed to provide energy resilience, scalability, and cost-optimized deployment for hyperscale, enterprise, and edge operators. This comprehensive approach aims to accelerate data center deployment and optimize the total cost of ownership for its clients, attracting a broad customer base in the rapidly expanding AI and data center market.
AI Analysis | Feedback
Share Issuance
- New Era Energy & Digital issued and sold 17,266,344 shares for $13,813,206 under an equity purchase facility since June 30, 2025.
- The company converted $6,119,409 of senior secured convertible notes into 6,125,000 shares.
- On July 10, 2025, New Era Helium Inc. (now New Era Energy & Digital) amended its equity purchase facility to allow for the sale of up to $75 million in common stock, having already issued approximately $8.59 million from previous sales.
Outbound Investments
- New Era Energy & Digital entered into a land option purchase agreement for approximately 3,500 acres in Lea County, New Mexico, to develop a large-scale AI data center campus.
- The company formed a 50/50 joint venture, Texas Critical Data Centers (TCDC), with Sharon AI, for the funding, development, and construction of a 250MW, net-zero energy data center.
Capital Expenditures
- As of September 2025, capital expenditures were approximately $125,000.
- The company is developing a multi-gigawatt AI hub in New Mexico with plans for over 2 gigawatts (GW) of natural gas generation and a planned 5+ GW nuclear installation, with initial power delivery expected in 2028.
- Significant capital is being allocated to the Texas Critical Data Centers (TCDC) project, a 1 gigawatt AI and high-performance computing campus, which includes a secured 235-acre site and on-site natural gas-fired power generation with carbon capture capabilities.
Trade Ideas
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Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 13.02 |
| Mkt Cap | 4.7 |
| Rev LTM | 1,147 |
| Op Inc LTM | 10 |
| FCF LTM | 181 |
| FCF 3Y Avg | 240 |
| CFO LTM | 189 |
| CFO 3Y Avg | 249 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 21.5% |
| Rev Chg 3Y Avg | 14.8% |
| Rev Chg Q | 22.9% |
| QoQ Delta Rev Chg LTM | 5.3% |
| Op Mgn LTM | 0.6% |
| Op Mgn 3Y Avg | -0.7% |
| QoQ Delta Op Mgn LTM | 0.7% |
| CFO/Rev LTM | 16.5% |
| CFO/Rev 3Y Avg | 21.1% |
| FCF/Rev LTM | 15.8% |
| FCF/Rev 3Y Avg | 20.4% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 4.7 |
| P/S | 4.1 |
| P/EBIT | 8.1 |
| P/E | 22.9 |
| P/CFO | 18.8 |
| Total Yield | 2.3% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | 3.6% |
| D/E | 0.0 |
| Net D/E | -0.1 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -2.8% |
| 3M Rtn | -22.1% |
| 6M Rtn | -23.4% |
| 12M Rtn | -23.4% |
| 3Y Rtn | 16.5% |
| 1M Excs Rtn | 1.9% |
| 3M Excs Rtn | -16.7% |
| 6M Excs Rtn | -25.9% |
| 12M Excs Rtn | -38.2% |
| 3Y Excs Rtn | -61.5% |
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
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