FirstWave Capital Management LLC Takes Position in New Era Energy & Digital Inc $NUAI

Key Points

• FirstWave Capital Management acquired 252,068 shares of New Era Energy & Digital, valued at approximately $1.61 million and representing about 0.24% of the company. Institutional investors collectively own 21.90% of NUAI.
• Analyst sentiment is mixed but leans positive: MarketBeat reports a consensus rating of “Moderate Buy” and an average price target of $10.67, compared with the stock’s recent opening price of $5.41.
• New Era Energy & Digital reported a quarterly loss of $0.21 per share, missing estimates by $0.12, on revenue of just $0.04 million. The company has a market capitalization of about $576.5 million and a negative net margin of 4,388.71%.

FirstWave Capital Management LLC bought a new position in shares of New Era Energy & Digital Inc (NASDAQ:NUAI - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 252,068 shares of the company's stock, valued at approximately $1,608,000. FirstWave Capital Management LLC owned about 0.24% of New Era Energy & Digital as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Great Valley Advisor Group Inc. acquired a new position in New Era Energy & Digital in the 4th quarter valued at about $29,000. Main Street Financial Solutions LLC bought a new stake in shares of New Era Energy & Digital during the fourth quarter worth approximately $32,000. Quantbot Technologies LP acquired a new position in shares of New Era Energy & Digital in the second quarter valued at approximately $36,000. Bridgeway Capital Management LLC bought a new position in shares of New Era Energy & Digital during the fourth quarter worth approximately $44,000. Finally, Concurrent Investment Advisors LLC acquired a new stake in New Era Energy & Digital during the 4th quarter worth approximately $46,000. Institutional investors own 21.90% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Wall Street Zen lowered New Era Energy & Digital from a "sell" rating to a "strong sell" rating in a report on Saturday, August 1st. New Street Research set a $10.00 target price on shares of New Era Energy & Digital in a research report on Tuesday, July 7th. Weiss Ratings upgraded shares of New Era Energy & Digital from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Friday, August 14th. Northland Securities set a $12.00 price objective on shares of New Era Energy & Digital in a research note on Tuesday, August 18th. Finally, B. Riley Financial started coverage on shares of New Era Energy & Digital in a report on Tuesday, July 7th. They set a "buy" rating and a $10.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $10.67.

New Era Energy & Digital Stock Performance

NASDAQ NUAI opened at $5.41 on Friday. The firm's 50 day simple moving average is $4.98 and its 200 day simple moving average is $4.87. The firm has a market capitalization of $576.49 million, a price-to-earnings ratio of -5.52 and a beta of 1.24. The company has a current ratio of 14.21, a quick ratio of 14.21 and a debt-to-equity ratio of 0.11. New Era Energy & Digital Inc has a 1 year low of $0.32 and a 1 year high of $9.44.

New Era Energy & Digital (NASDAQ:NUAI - Get Free Report) last released its earnings results on Friday, August 14th. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.12). The business had revenue of $0.04 million for the quarter. New Era Energy & Digital had a negative return on equity of 121.41% and a negative net margin of 4,388.71%. As a group, research analysts expect that New Era Energy & Digital Inc will post -0.5 earnings per share for the current fiscal year.

About New Era Energy & Digital

New Era Energy & Digital, Inc, operates as an exploration and production platform, engages in the exploration, development, and production of helium, oil and natural gas, and natural gas liquids in the United States. The company owns and operates a portfolio of approximately 137,000 acres in Southeast New Mexico. Its flagship Pecos Slope Field covering an area of 1893 square kilometers located 20 miles north of Roswell, New Mexico. It serves Tier 2 gas companies and balloon gas distributors. The company was formerly known as New Era Helium, Inc and changed its name to New Era Energy & Digital, Inc in August 2025.

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