New Era Energy & Digital Inc (NASDAQ:NUAI) shares are trading higher on Tuesday. Investors seem to be responding positively to the company's newly announced partnership aimed at developing a massive next‑generation data center campus in Texas.
New Era’s Game-Changing Data Center Partnership
New Era revealed that it has teamed up with Primary Digital Infrastructure, an independent data‑center investment platform, to co‑develop the Texas Critical Data Centers (TCDC) project, an approximately one‑gigawatt‑plus hyperscale campus in Ector County.
Designed to support the next wave of hyperscale compute demand, the site will combine grid and behind‑the‑meter power solutions and is being built with substantial room for future expansion.
CEO E. Will Gray II called the partnership a "watershed moment" for the company, emphasizing that Primary Digital's experience in global data‑center development and multi‑billion‑dollar project financing brings essential expertise to a project of this magnitude. Gray added that New Era remains on track to secure a hyperscale anchor tenant, which the company has previously identified as a key milestone for unlocking long‑term value for shareholders.
New Era also announced over the weekend that it completed its acquisition of Sharon AI’s 50% ownership interest in Texas Critical Data Centers LLC.
“We appreciate the support of Sharon AI throughout the development phase of TCDC. Their partnership helped us move the project forward, and we are grateful for their collaboration,” Gray said.
“This buy-out agreement reflects a constructive outcome for both parties and positions TCDC for its next stage of development as we shift from planning to execution.”
Analyzing NUAI’s Recent Momentum
NUAI is trading 9.3% below its 20-day simple moving average (SMA) and 4.6% above its 100-day SMA, indicating a mixed short-term and long-term trend. Over the past 12 months, shares have skyrocketed and are currently positioned closer to 52-week highs than lows, suggesting strong upward momentum.
The combination of the stock’s current positioning and its recent performance suggests that while there is significant bullish activity today, traders should remain vigilant for any signs of reversal or consolidation.
- Key Resistance: $7.50
- Key Support: $5.00
NUAI Price Action: New Era Energy & Digital shares were up 38.57% at $6.00 at the time of publication on Tuesday, according to Benzinga Pro.
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