New Era Helium Advances Permian Basin AI Data Center Strategy with Power MOU and Board Realignment to Support Data Center Vision
MIDLAND, Texas--(BUSINESS WIRE)--New Era Helium, Inc. (Nasdaq: NEHC) ('NEHC' or the 'Company'), a next-gen exploration and production platform in the Permian Basin, today announced that the Texas Critical Data Centers, LLC ('TCDC') joint venture has entered into a non-binding Memorandum of Understanding ('MOU') with PowerForward Energy Solutions ('PFES') to provide 250MW of on-site generation capacity to power its planned AI and high-performance computing ('HPC') campus in Ector County, Texas.
TCDC, the joint venture established between New Era Helium and Sharon AI, Inc. in 2024, is focused on building a 250MW data center to support the rapidly growing demand for AI and cloud GPU infrastructure. Under the terms of the MOU, signed on April 23, 2025, PFES has agreed to manufacture, install, and operate 250MW of generation assets at the TCDC site, with the first 100MW targeted for delivery within 12 months of funding and full deployment expected within 18 months.
PFES is a joint venture between Progen Industries, a U.S.-based manufacturer of natural gas-fired engine-driven generators, and MBS Engineering, Inc. The partners bring more than 70 years of combined experience in delivering resilient, distributed power solutions for critical infrastructure.
Work at the site continues to progress, including the completion of the Phase I Environmental Site Assessment and ongoing planning for air permitting. NEHC, Sharon AI, and PFES are also jointly evaluating carbon capture technologies. TCDC is in active discussions with potential customers, including parties interested in acquiring powered land for near-term deployment. Near-term milestones include securing natural gas supply agreements and advancing interconnection planning with regional grid partners.
Recent Board Transitions
Board members Bill Flores, Phil Kornbluth, and Stan Borowiec have recently stepped down from the Board of Directors. Mr. Flores resigned due to a potential conflict with his leadership role at a state regulatory body as New Era Helium advances its data center initiative. Mr. Kornbluth and Mr. Borowiec, both respected helium industry experts, stepped away as the Company broadens its strategy to include natural gas and digital infrastructure in addition to its core helium business. A search is actively underway to appoint new board members whose experience aligns with New Era Helium's evolving growth strategy.
E. Will Gray II, CEO of New Era Helium Inc., commented: 'With the initial site now identified and due diligence well underway, TCDC is positioned to execute on its planned power strategy for the behind-the-meter data center campus. Concurrently, TCDC is in negotiations to secure offtake from intrastate and interstate natural gas transmission lines located in close proximity to the property. We are excited about what we are building in Ector County and believe that access to low-cost, reliable power is key to attracting top-tier partners. As we expand our strategic focus to include natural gas and data center infrastructure, we are positioning New Era Helium to deliver long-term value across multiple energy verticals.'
Wolf Schubert, CEO of Sharon AI Inc., said: 'We are excited to announce our collaboration with PowerForward Energy Solutions, who bring considerable power experience to the project. We believe their ability to deliver substantial capacity over 12-18 months allows us to offer a highly commercial solution to customers looking to deploy as soon as feasible.'
Brian James and John Manning, Founders, PowerForward Energy Solutions, commented: 'We are at the forefront of a generational shift in how America produces and consumes power. As AI, cloud, and high-density computing reshape the industrial landscape, the demand for resilient, on-site generation is no longer optional – it is essential. PowerForward is proud to partner with TCDC to deliver the next chapter of power infrastructure: intelligent, integrated, and built for the future.'
About New Era Helium, Inc.
New Era Helium, Inc. is a next-gen exploration and production platform unlocking the full value of its Permian Basin assets. The Company controls over 137,000 acres in Southeast New Mexico, with more than 1.5 Bcf of proved and probable helium reserves sourced alongside natural gas production. Through its joint venture, Texas Critical Data Centers, LLC, NEHC is capturing multi-sector growth across helium, power, and data infrastructure. For more information, visit www.newerahelium.com. Follow New Era Helium on LinkedIn and X.
About Sharon AI, Inc
Sharon AI, Inc., is a High-Performance Computing company focused on Artificial Intelligence and Cloud GPU Compute Infrastructure. Sharon AI has a hybrid operational model that sees it deploy in co-location data centers as well as design, build and operate its own proprietary specialized data center facilities. With the expected addition of NVIDIA H200s to the company's GPU fleet in 2025, Sharon AI will be able to offer a wide range of AI/HPC GPUs as a Service (GPUaaS), including NVIDIA H200, H100, L40S, A40, RTX3090 and AMD MI300X. For more information, visit: www.sharonai.com
About PowerForward Energy Solutions
PowerForward Energy Solutions is dedicated to shaping a sustainable energy future through innovative power solutions. Formed as a strategic partnership between PROGEN INDUSTRIES and MBS ENGINEERING, the company's mission is to deliver comprehensive, turn-key power solutions that address the diverse needs of today's energy landscape. The company's combined expertise in engineering and industry-leading manufacturing allows it to provide custom solutions that enhance energy efficiency, reliability, and sustainability.
Forward Looking Statements:
This press release may contain forward-looking statements. These forward-looking statements can be identified by the use of forward-looking terminology, including the terms 'believe,' 'estimate,' 'project,' 'anticipate,' 'expect,' 'seek,' 'predict,' 'continue,' 'possible,' 'intend,' 'may,' 'might,' 'will,' 'could,' would' or 'should' or, in each case, their negative, or other variations or comparable terminology. These forward looking statements include all matters that are not historical facts. They appear in a number of places throughout this press release and include statements regarding our intentions, beliefs or current expectations concerning, among other things, our product candidates, commercialization objectives, prospects, strategies and the industry in which we operate. Forward-looking statements should not be read as a guarantee of future performance or results and may not be accurate indications of when such performance or results will be achieved. In light of these risks and uncertainties, the forward-looking events and circumstances discussed in this press release may not occur and actual results could differ materially from those anticipated or implied in the forward-looking statements.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
34 minutes ago
- Yahoo
1 Magnificent Growth Stock Down 75% to Buy Hand Over Fist in June
Docusign stock was a pandemic darling, but the stock couldn't sustain its momentum once social distancing efforts ended. Docusign stock is down 75% from its 2021 peak, but the company continues to deliver steady revenue growth and its profits are soaring. The stock now trades at an attractive valuation relative to its history, and artificial intelligence (AI) could fuel its next move higher. 10 stocks we like better than Docusign › Docusign (NASDAQ: DOCU) stock soared to a peak of $310 in 2021 on the back of an incredible spike in demand for the company's suite of digital document tools, which helped businesses keep their operations running smoothly in the face of the pandemic's lockdowns and social distancing restrictions. Since that pandemic tailwind subsided, the stock has slumped by 75% from that peak, but the business itself is still generating steady revenue growth, and its profits are currently soaring. Plus, Docusign is experiencing strong demand for its new Intelligent Agreement Management (IAM) platform, which is powered by artificial intelligence (AI). On June 6, Docusign reported results for its fiscal 2026 first quarter (which ended April 30), and management increased its full-year revenue guidance, which signals clear momentum across the business. Here's why investors might want to buy the stock now. Docusign transformed its product portfolio over the past year. It still helps businesses create, negotiate, and close contracts, but AI is now at the center of that mission. The IAM platform is designed to solve the "agreement trap" more effectively. According to a study by Deloitte, the inefficiencies caused by poor contract management processes result in $2 trillion in lost economic value every year. That represents a massive opportunity for Docusign. IAM features a growing list of revolutionary products. Navigator, for example, is a digital repository where businesses can store their agreements. It uses AI to extract critical details from each document so they are discoverable via its search function, which saves employees from spending valuable time digging through contracts manually. Then there is AI-Assisted Review, which can help employees rapidly identify problematic clauses or even opportunities within each agreement. Businesses can also set pre-approved standards so the tool knows exactly what to look for, which reduces the time it takes to reach a final deal. Maestro ties the IAM platform together with a series of no-code tools that allow businesses to automate agreement workflows. They can drag-and-drop features like webforms, ID verification, and eSignature into each contract, which saves significant amounts of time and money compared to manual processes, especially when creating agreements at scale. At the end of its first quarter of fiscal 2026, Docusign had 1.7 million paying enterprise customers and more than 1 billion individual users. The company launched the IAM platform in April 2024, and it already has 10,000 paying enterprise customers who have used it to process tens of millions of agreements so far. During the quarter, IAM sales in international markets soared by 50% compared to fiscal 2025 Q4, which highlights the platform's serious momentum. Docusign generated $763.7 million in total revenue during fiscal Q1. That was an 8% increase from the year-ago period, and comfortably above the $749 million that had been the high end of management's guidance range. In fact, the strong result prompted the company to revise its revenue forecast for fiscal 2026 upward by $22 million to $3.163 billion at the high end of the range. In my opinion, Docusign could be growing its revenue more quickly, but it's carefully managing its costs to improve its bottom line rather than investing more heavily in customer acquisition. The company's total operating expenses only increased by 1.6% year over year during the first quarter, which was a much slower rate than its revenue increased. As a result, its net income surged by 113.5% to $72.1 million on a GAAP (generally accepted accounting principles) basis. Docusign also achieved a solid result in the bottom line on a non-GAAP basis, which excludes one-off and non-cash expenses like stock-based compensation. Non-GAAP net income came in at $190.8 million, which was an increase of 10% from the year-ago period. Non-GAAP results can be particularly useful for investors to consider when a company incurs a large one-off benefit or expense. For example, during Docusign's fiscal 2025 second quarter, it reported a large one-off tax benefit worth $816 million which massively skewed its net income, so its GAAP earnings weren't a true reflection of the performance of its actual business. When Docusign stock peaked in 2021, its price-to-sales (P/S) ratio soared to an unsustainable level of around 40. The 75% decline in its stock since then, combined with the company's steady revenue growth, has pushed its P/S ratio down to a more reasonable 5.4. In fact, that's a 56% discount to its average P/S ratio of 12.5 since the stock went public in 2018. Docusign also trades at a price-to-earnings (P/E) ratio of just 14.6, which makes it far cheaper than the S&P 500 index, which is trading at a P/E ratio of 23.3. However, that is based on Docusign's trailing 12-month GAAP earnings per share (EPS) which, as I mentioned earlier, was skewed by a one-off tax benefit from the second quarter of fiscal 2025. Therefore, the P/S ratio might be a better way to value the stock right now, but no matter which way you slice it, Docusign's valuation appears attractive. The picture looks even better when you factor in the company's addressable market, which could be worth $50 billion according to an estimate issued by management last year. Based on its current revenue, it has barely scratched the surface of that opportunity. In summary, Docusign stock can offer investors unique exposure to the AI revolution, and its combination of steady revenue growth and soaring profits could make it a great addition to any diversified portfolio at the current price. Before you buy stock in Docusign, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Docusign wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $655,255!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $888,780!* Now, it's worth noting Stock Advisor's total average return is 999% — a market-crushing outperformance compared to 174% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 9, 2025 Anthony Di Pizio has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Docusign. The Motley Fool has a disclosure policy. 1 Magnificent Growth Stock Down 75% to Buy Hand Over Fist in June was originally published by The Motley Fool Sign in to access your portfolio
Yahoo
an hour ago
- Yahoo
Citi Reaffirms Buy on Broadcom (AVGO) Amid Surging AI Revenue
Broadcom Inc. (NASDAQ:AVGO) is one of the 10 best tech stocks to buy according to billionaires right now. On June 9, a Citi analyst raised his price target on Broadcom from $276 to $285 while maintaining a Buy rating. This revision follows Broadcom's second-quarter results, which showed continued strength in AI-related revenue, although overall performance was mixed, as per the analyst, due to some pressure on margins. Broadcom continues to benefit from growing demand in the artificial intelligence space, which remains a key driver of topline performance. The company reported Q2 FY 2025 revenue of $15.0 billion, up 20% year-over-year supported by strong AI semiconductor sales and contributions from VMware. Adjusted EBITDA rose 35% year-over-year to $10.0 billion, implying an EBITDA margin of 67%. A worker assembling the inner circuitry of a semiconductor product. AI-related revenue reached $4.4 billion in Q2, growing 46% year-over-year, driven primarily by demand for AI networking solutions. Management expects this momentum to carry into Q3, with AI semiconductor revenue projected to reach $5.1 billion. This growth is supported by continued investment by hyperscale customers. Looking ahead, Broadcom guided for Q3 FY25 revenue of approximately $15.8 billion and an adjusted EBITDA margin of at least 66% of revenue, which is slightly below versus Q2. However, the company's margin outlook raised some concerns. According to the analyst, an increased contribution of semiconductor sales in total sales has put pressure on profitability. In response, management has adjusted its guidance, which indicates a slightly lower margin in the near term. Broadcom Inc. (NASDAQ:AVGO) is a global technology company that designs, develops, and supplies a wide range of semiconductor and infrastructure software solutions. The company's products play a crucial role in enterprise and data center networking, broadband access, storage systems, smartphones, and wireless communications. Broadcom's extensive portfolio includes solutions for data center networking, storage, and security, making it a key player in the data center ecosystem. While we acknowledge the potential of AVGO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. Sign in to access your portfolio
Yahoo
2 hours ago
- Yahoo
Raymond James Resumes Coverage on Disc Medicine (IRON) With a Strong Buy Rating
Disc Medicine, Inc. (NASDAQ:IRON) is one of the 10 Best Small-Cap Growth Stocks to Buy According to Analysts. On June 11, analysts from Raymond James resumed coverage of Disc Medicine, Inc. (NASDAQ:IRON) with a strong Buy rating and a price target of $89. The resumed coverage comes as the company released its research note on Biotech names. The firm highlighted a favorable risk/reward profile in the biotech sector. It noted that while companies with a high probability of success for lead assets inspire higher conviction, investments in less de-risked assets like Disc Medicine, Inc. (NASDAQ:IRON) could yield the most outsized returns. The firm sees more than $1 billion potential for the company's drug bitopertin, with an expected market penetration of about 30%-35%, owing to its disease-modifying agent capabilities X-linked protoporphyria. A scientist in a laboratory setting examining a sample of blood with a microscope. Disc Medicine, Inc. (NASDAQ:IRON) is a clinical-stage biopharmaceutical company focused on discovering therapies for serious hematologic diseases. Its pipeline includes drug candidates like bitopertin for erythropoietic porphyrias and Diamond-Blackfan Anemia, DISC-0974 for anemia related to myelofibrosis and chronic kidney disease, and DISC-3405 for polycythemia vera and other blood disorders. While we acknowledge the potential of IRON as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None.
