New Era Energy & Digital initiated with a Buy at Texas Capital

Texas Capital analyst Derrick Whitfield initiated coverage of New Era Energy & Digital with a Buy rating and $8.60 price target New Era is a vertically integrated developer and operator of next generation digital infrastructure and integrated power assets, the analyst tells investors in a research note. The firm believes the company is well positioned to secure its first tenant at its flagship Texas Critical Data Centers campus. This could unlock an incremental $3.50 per share of upside.