New Era Energy Appoints Andy Casazza as Chief Corporate Officer
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 17 2026
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Should l Buy NUAI?
New Era Energy & Digital announced the appointment of Andy Casazza as Chief Corporate Officer, effective April 28. Most recently, he served as co-founder, CFO and board member of Windy Cove Energy II and as co-founder, CFO and board member of Pure Earth Plasma Holdings.
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Analyst Views on NUAI
About NUAI
New Era Energy & Digital, Inc. is a developer and operator of digital infrastructure and integrated power assets. The Company controls over 137,000 acres in Southeastern New Mexico with helium and natural gas reserves. The Company, through its subsidiary, Texas Critical Data Centers (TCDC), www.texascriticaldatacenters.com), is advancing a scalable, up to one gigawatt (GW) artificial intelligence (AI) and high-performance computing (HPC) campus to meet demand for compute capacity and energy-efficient infrastructure. It delivers turnkey solutions that enable hyperscale, enterprise, and edge operators to accelerate data center deployment. TCDC’s flagship project is a 250-megawatt data center campus in Ector County, Texas, purpose-built to meet demand for AI and cloud GPU workloads. The site features advanced natural gas power generation, liquid cooling systems, and the potential for carbon capture integration, delivering scalable compute capacity.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
New Era Energy Faces Class Action Lawsuit
- Class Action Filed: Pomerantz LLP has initiated a class action lawsuit against New Era Energy and its executives, alleging securities fraud and other unlawful business practices, with investors needing to apply as Lead Plaintiffs by June 1, 2026, indicating significant legal risks for the company.
- Stock Price Plunge: Following the December 12, 2025, Fuzzy Panda Research report revealing that 346 out of 406 gas wells were acquired from bankrupt companies, New Era's stock fell by $0.25, or 6.9%, closing at $3.35, reflecting market concerns over the company's financial health.
- Regulatory Scrutiny Intensifies: The New Mexico Attorney General's lawsuit against New Era and its subsidiary for orchestrating a fraudulent oil-and-gas scheme led to a further stock decline of $1.87, or 41.01%, on December 29, 2025, closing at $2.69, highlighting increasing legal and regulatory pressures on the company.
- Executive Background Issues: CEO Gray's problematic history, including a 20-year track record of bankruptcies and alleged financial fraud, has raised further investor concerns regarding corporate governance and the company's future prospects.
See More
New Era Energy Faces Lawsuit Over False Statements
- False Promises Exposed: New Era Energy claimed air permits could be obtained within 90 days, yet as of December 2025, no applications were filed, resulting in a $1.87 per share loss for investors and a 41% single-day stock collapse.
- Fraud Allegations: The New Mexico Attorney General accused the company of a fraudulent oil-and-gas scheme, asserting that its purported legitimate revenue sources were part of a strategy to evade environmental obligations, severely damaging the company's reputation.
- Severe Operational Losses: The company reported an operational loss of $8,136,783 in 2025, highlighting significant delays in achieving promised infrastructure development, which further exacerbated investor dissatisfaction.
- Legal Consequences Looming: Following two corrective reports that revealed the truth, NUAI shares plummeted approximately 47% over two trading sessions, raising serious questions about whether the management intentionally misled investors, potentially leading to greater legal liabilities.
See More
Multiple Companies Facing Class Action Lawsuits
- Pinterest Lawsuit Overview: Pinterest, Inc. is facing a class action lawsuit for the period from February 7, 2025, to February 12, 2026, due to failure to disclose risks of declining advertising revenues, which is expected to negatively impact its stock price, with investors needing to file a lead plaintiff motion by May 29, 2026.
- New Era Energy Violations: New Era Energy & Digital, Inc. is accused of overstating progress on its Texas data center project and engaging in fraudulent schemes from November 6, 2024, to December 29, 2025, which could distort financial results, requiring investor action by June 1, 2026.
- Gossamer Bio Study Failure: Gossamer Bio, Inc. faces legal issues due to its Phase 3 clinical trial failing to meet primary endpoints from June 16, 2025, to February 20, 2026, potentially affecting future funding capabilities, with a lead plaintiff motion deadline of June 1, 2026.
- Medpace Holdings Misleading Performance: Medpace Holdings, Inc. is accused of exaggerating its book-to-bill ratio for Q4 2025 from April 22, 2025, to February 9, 2026, which may lead to investor misunderstandings about the company's prospects, with a lead plaintiff motion deadline of June 8, 2026.
See More
New Era Energy Securities Class Action Notice
- Class Action Initiation: Rosen Law Firm reminds investors who purchased New Era Energy securities between November 6, 2024, and December 29, 2025, to apply as lead plaintiffs by June 1, 2026, to potentially receive compensation without any out-of-pocket costs.
- Allegations of Misrepresentation: The lawsuit alleges that New Era Energy overstated its progress in permitting for its Texas Critical Data Centers project and engaged in fraudulent schemes to evade liabilities, resulting in misleading financial results that harmed investors.
- Law Firm Credentials: Rosen Law Firm specializes in securities class actions, having recovered over $438 million for investors in 2019 alone, and was ranked first in 2017 for the number of securities class action settlements, highlighting its expertise and success in this field.
- Investor Guidance: Investors are advised to carefully select qualified counsel with a proven track record, avoiding firms that merely act as intermediaries, to ensure effective legal representation in the class action.
See More
New Era Energy Faces Class Action Lawsuit
- Class Action Initiated: Bragar Eagel & Squire has filed a class action lawsuit against New Era Energy in the U.S. District Court for the Western District of Texas on behalf of investors who purchased securities between November 6, 2024, and December 29, 2025, with a deadline of June 1, 2026, to apply as lead plaintiff.
- Allegations of False Statements: The lawsuit alleges that New Era Energy overstated its progress in permitting for its Texas Critical Data Centers project and was involved in a fraudulent scheme to evade costs by transferring oil and gas wells among related entities, resulting in misleading financial results.
- Investor Losses: As a result of these false statements, investors suffered damages when the truth emerged, with the lawsuit claiming that the misleading information significantly impacted investors' perceptions of the company's business and prospects.
- Legal Consultation Opportunity: Affected investors are encouraged to contact Bragar Eagel & Squire for legal advice regarding their rights and potential claims, with no cost or obligation for the consultation.
See More
New Era Energy Faces Class Action for Securities Fraud
- Lawsuit Background: Bronstein, Gewirtz & Grossman, LLC has filed a class action lawsuit against New Era Energy and its officers, alleging violations of federal securities laws from November 6, 2024, to December 29, 2025, seeking damages for affected investors.
- False Statements Allegations: The complaint claims that the company overstated its progress on its Texas Critical Data Centers project and failed to disclose a fraudulent scheme involving hundreds of oil and gas wells in New Mexico, resulting in misleading financial results.
- Investor Impact: Affected investors are encouraged to apply to be lead plaintiffs by June 1, 2026, indicating that the lawsuit could significantly impact the company's future financial health and investor confidence.
- Legal Fee Arrangement: Bronstein, Gewirtz & Grossman, LLC operates on a contingency fee basis, meaning they will only charge fees if they successfully recover funds, thereby reducing the financial burden on investors pursuing the lawsuit.
See More
New Era Energy Faces Class Action Lawsuit
- Class Action Filed: Pomerantz LLP has initiated a class action lawsuit against New Era Energy and its executives, alleging securities fraud and other unlawful business practices, with investors needing to apply as Lead Plaintiffs by June 1, 2026, indicating significant legal risks for the company.
- Stock Price Plunge: Following the December 12, 2025, Fuzzy Panda Research report revealing that 346 out of 406 gas wells were acquired from bankrupt companies, New Era's stock fell by $0.25, or 6.9%, closing at $3.35, reflecting market concerns over the company's financial health.
- Regulatory Scrutiny Intensifies: The New Mexico Attorney General's lawsuit against New Era and its subsidiary for orchestrating a fraudulent oil-and-gas scheme led to a further stock decline of $1.87, or 41.01%, on December 29, 2025, closing at $2.69, highlighting increasing legal and regulatory pressures on the company.
- Executive Background Issues: CEO Gray's problematic history, including a 20-year track record of bankruptcies and alleged financial fraud, has raised further investor concerns regarding corporate governance and the company's future prospects.
See More
New Era Energy Faces Lawsuit Over False Statements
- False Promises Exposed: New Era Energy claimed air permits could be obtained within 90 days, yet as of December 2025, no applications were filed, resulting in a $1.87 per share loss for investors and a 41% single-day stock collapse.
- Fraud Allegations: The New Mexico Attorney General accused the company of a fraudulent oil-and-gas scheme, asserting that its purported legitimate revenue sources were part of a strategy to evade environmental obligations, severely damaging the company's reputation.
- Severe Operational Losses: The company reported an operational loss of $8,136,783 in 2025, highlighting significant delays in achieving promised infrastructure development, which further exacerbated investor dissatisfaction.
- Legal Consequences Looming: Following two corrective reports that revealed the truth, NUAI shares plummeted approximately 47% over two trading sessions, raising serious questions about whether the management intentionally misled investors, potentially leading to greater legal liabilities.
See More
Multiple Companies Facing Class Action Lawsuits
- Pinterest Lawsuit Overview: Pinterest, Inc. is facing a class action lawsuit for the period from February 7, 2025, to February 12, 2026, due to failure to disclose risks of declining advertising revenues, which is expected to negatively impact its stock price, with investors needing to file a lead plaintiff motion by May 29, 2026.
- New Era Energy Violations: New Era Energy & Digital, Inc. is accused of overstating progress on its Texas data center project and engaging in fraudulent schemes from November 6, 2024, to December 29, 2025, which could distort financial results, requiring investor action by June 1, 2026.
- Gossamer Bio Study Failure: Gossamer Bio, Inc. faces legal issues due to its Phase 3 clinical trial failing to meet primary endpoints from June 16, 2025, to February 20, 2026, potentially affecting future funding capabilities, with a lead plaintiff motion deadline of June 1, 2026.
- Medpace Holdings Misleading Performance: Medpace Holdings, Inc. is accused of exaggerating its book-to-bill ratio for Q4 2025 from April 22, 2025, to February 9, 2026, which may lead to investor misunderstandings about the company's prospects, with a lead plaintiff motion deadline of June 8, 2026.
See More
New Era Energy Securities Class Action Notice
- Class Action Initiation: Rosen Law Firm reminds investors who purchased New Era Energy securities between November 6, 2024, and December 29, 2025, to apply as lead plaintiffs by June 1, 2026, to potentially receive compensation without any out-of-pocket costs.
- Allegations of Misrepresentation: The lawsuit alleges that New Era Energy overstated its progress in permitting for its Texas Critical Data Centers project and engaged in fraudulent schemes to evade liabilities, resulting in misleading financial results that harmed investors.
- Law Firm Credentials: Rosen Law Firm specializes in securities class actions, having recovered over $438 million for investors in 2019 alone, and was ranked first in 2017 for the number of securities class action settlements, highlighting its expertise and success in this field.
- Investor Guidance: Investors are advised to carefully select qualified counsel with a proven track record, avoiding firms that merely act as intermediaries, to ensure effective legal representation in the class action.
See More
New Era Energy Faces Class Action Lawsuit
- Class Action Initiated: Bragar Eagel & Squire has filed a class action lawsuit against New Era Energy in the U.S. District Court for the Western District of Texas on behalf of investors who purchased securities between November 6, 2024, and December 29, 2025, with a deadline of June 1, 2026, to apply as lead plaintiff.
- Allegations of False Statements: The lawsuit alleges that New Era Energy overstated its progress in permitting for its Texas Critical Data Centers project and was involved in a fraudulent scheme to evade costs by transferring oil and gas wells among related entities, resulting in misleading financial results.
- Investor Losses: As a result of these false statements, investors suffered damages when the truth emerged, with the lawsuit claiming that the misleading information significantly impacted investors' perceptions of the company's business and prospects.
- Legal Consultation Opportunity: Affected investors are encouraged to contact Bragar Eagel & Squire for legal advice regarding their rights and potential claims, with no cost or obligation for the consultation.
See More
New Era Energy Faces Class Action for Securities Fraud
- Lawsuit Background: Bronstein, Gewirtz & Grossman, LLC has filed a class action lawsuit against New Era Energy and its officers, alleging violations of federal securities laws from November 6, 2024, to December 29, 2025, seeking damages for affected investors.
- False Statements Allegations: The complaint claims that the company overstated its progress on its Texas Critical Data Centers project and failed to disclose a fraudulent scheme involving hundreds of oil and gas wells in New Mexico, resulting in misleading financial results.
- Investor Impact: Affected investors are encouraged to apply to be lead plaintiffs by June 1, 2026, indicating that the lawsuit could significantly impact the company's future financial health and investor confidence.
- Legal Fee Arrangement: Bronstein, Gewirtz & Grossman, LLC operates on a contingency fee basis, meaning they will only charge fees if they successfully recover funds, thereby reducing the financial burden on investors pursuing the lawsuit.
See More
