New Era Energy & Digital Inc (NASDAQ:NUAI) shares are trading higher on Thursday. The company may be benefitting from the buzz around the company's latest partnership and acquisition developments.
Investor optimism has picked up on the headlines, helping lift the stock. The broader market may be giving the stock a boost as well, with the S&P 500 up 0.79% at the time of writing.
Unveiling New Era’s Strategic Data Center Leap
New Era revealed last week that it has teamed up with Primary Digital Infrastructure to co‑develop the Texas Critical Data Centers (TCDC) project, a hyperscale campus expected to exceed one gigawatt of capacity in Ector County, Texas.
The campus is being built to handle the next wave of large‑scale compute demand and will use a mix of grid power and behind‑the‑meter generation, with plenty of room for future expansion.
CEO E. Will Gray II described the partnership as a "watershed moment," highlighting Primary Digital's global data‑center development background and its experience financing multi‑billion‑dollar projects. He also noted that New Era is still on track to land a hyperscale anchor tenant, which the company views as a major milestone.
Over the weekend, New Era finalized its purchase of Sharon AI's 50% stake in Texas Critical Data Centers LLC, clearing the way for the project to move from planning into full execution.
New Era Energy Technical Analysis
New Era Energy is currently trading 108.4% above its 20-day simple moving average (SMA) and 153.5% above its 100-day SMA, indicating strong short-term and long-term momentum. Over the past 12 months, shares have skyrocketed by approximately 1,670.94%, and are currently positioned closer to 52-week highs than lows.
The RSI is at 71.58, indicating that the stock is in overbought territory, while the MACD is above the signal line, suggesting bullish momentum. This combination of indicators points to a strong upward trend, although the overbought RSI may signal a potential pullback in the near term.
- Key Resistance: $9.00
- Key Support: $7.50
NUAI Price Action: New Era Energy & Digital shares were up 18.39% at $8.11 at the time of publication on Thursday, according to Benzinga Pro.
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