New Era Energy & Digital rises on power purchase deal with Vistra
NUAI•Shares rise on Vistra affiliate power deal
Shares of AI infrastructure developer New Era Energy & Digital NUAI.O rose nearly 21.5% to $7.11 premarket.
NUAI said its unit signed a power purchase deal with Vistra VST.N affiliate Luminant; VST gained 1.5%.
Luminant will supply a minimum of 200 MW and up to 207 MW of power for Phase 1 of New Era's Texas Critical Data Center (TCDC) project in Texas.
The power purchase agreement has an initial 20-year term with automatic one-year renewal periods thereafter.
The contracted power is expected to be available to TCDC in Q3 2027.
Up until last close, the stock was up 100% year to date.
