Northland initiated coverage of New Era Energy & Digital with an Outperform rating and $11 price target. New Era has continued to make "steady progress" since formally announcing its pivot into AI infrastructure in August 2025, says the analyst, who argues that the company "now has all of the right pieces in place" to deliver its first lease by fall and "offers a compelling investment opportunity into an undervalued, de-risked, and 'early stage' AI infrastructure provider."
