New Era Energy & Digital (NASDAQ: NUAI) stock climbed more than 60% since late May 2026, driven by a 20-year power purchase agreement with Luminant ET Services Company, an affiliate of Vistra Corp. The deal secures 200 to 207 megawatts of electricity from Vistra’s natural gas plant in Odessa, Texas, with deliveries expected to start in Q3 2027. The company is developing the Texas Critical Data Center (TCDC), a data center campus spanning 438 to 493 acres in the Permian Basin with a target capacity of up to 1.4 gigawatts. New Era raised $290 million through a credit facility and completed a strategic pivot away from natural gas and helium operations in late 2025. Analysts maintain a Strong Buy consensus with a 12-month average price target of $11.00.
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