New Era Energy Signs Power Purchase Agreement with Vistra, Boosting Stock Price
New Era Energy (NUAI) announced a significant 20-year Power Purchase Agreement (PPA) with Vistra (VST), which is expected to supply between 200 MW and 207 MW of electricity for Phase 1 of its Texas Critical Data Center. The deal, set to begin in Q3 2027, reduces development risks by securing power commitments from a nearby natural gas facility owned by Vistra. The agreement also includes a framework allowing Vistra to hold a non-voting stake and scale the data center toward a target of 1.4 GW capacity. Despite this positive news, NUAI remains pre-revenue with negative cash flow and an elevated P/S ratio over 700x, making it volatile in the short term. Analysts maintain a
Topics: Data Center Development Power Purchase Agreement Stock Movement