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

FirstWave Capital Management LLC purchased a new stake in shares of New Era Energy & Digital Inc (NASDAQ:NUAI) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 252,068 shares of the company’s stock, valued at approximately $1,608,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Quantbot Technologies LP bought a new position in New Era Energy & Digital in the 2nd quarter valued at approximately $36,000. Legal & General Group Plc bought a new stake in New Era Energy & Digital during the 2nd quarter worth $50,000. State of Wyoming bought a new stake in New Era Energy & Digital during the 2nd quarter worth $51,000. Great Valley Advisor Group Inc. acquired a new position in New Era Energy & Digital in the 4th quarter worth about $29,000. Finally, Main Street Financial Solutions LLC bought a new position in New Era Energy & Digital in the fourth quarter valued at about $32,000. 21.90% of the stock is currently owned by institutional investors and hedge funds.

New Era Energy & Digital Trading Up 2.7%

Shares of NUAI stock opened at $5.41 on Friday. New Era Energy & Digital Inc has a fifty-two week low of $0.32 and a fifty-two week high of $9.44. The company has a debt-to-equity ratio of 0.11, a quick ratio of 14.21 and a current ratio of 14.21. The stock has a 50 day simple moving average of $4.98 and a two-hundred day simple moving average of $4.87. The company has a market cap of $576.49 million, a P/E ratio of -5.52 and a beta of 1.24.

New Era Energy & Digital (NASDAQ:NUAI) last announced its quarterly earnings data on Friday, August 14th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.12). New Era Energy & Digital had a negative return on equity of 121.41% and a negative net margin of 4,388.71%.The company had revenue of $0.04 million for the quarter. Research analysts forecast that New Era Energy & Digital Inc will post -0.5 earnings per share for the current year.

Wall Street Analyst Weigh In

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

New Era Energy & Digital Company Profile

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.