New Era Energy Faces Fraud Allegations, Stock Plummets 41%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: Businesswire
- Investigation Launched: The Law Offices of Frank R. Cruz announced an investigation into New Era Energy for potential violations of federal securities laws, focusing on claims that could allow investors to recover losses.
- CEO Background Issues: A report by Fuzzy Panda alleges that New Era's CEO has a “long history” of leading companies with sketchy related-party dealings and false promises, resulting in average investor losses of 98%.
- Stock Price Plunge: Following negative news on December 12, New Era's stock fell by $0.25, or 6.9%, closing at $3.35 per share, further injuring investors.
- Legal Action: On December 29, the New Mexico Attorney General filed a lawsuit alleging that New Era and its CEO orchestrated a fraudulent oil-and-gas scheme using shell companies, causing the stock to plummet 41% to $2.69 per share.
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About NUAI
New Era Energy & Digital, Inc., formerly New Era Helium, Inc., is a platform delivering integrated solutions across energy, power, and digital infrastructure. The Company controls over 137,000 acres in Southeastern New Mexico with helium and natural gas reserves. Through its joint venture, Texas Critical Data Centers (TCDC, www.texascriticaldatacenters.com), it 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.
