Why These Energy Stocks are Gaining This Week

Page 9 of 9

1. New Era Helium, Inc. (NASDAQ:NEHC)

Share Price Gains Between Mar. 10 – Mar. 17: 47.3%

New Era Helium, Inc (NASDAQ:NEHC) is an energy company extracting helium from natural gas reserves in North America.

Investors have expressed confidence in New Era Helium, Inc (NASDAQ:NEHC) after the company recently revealed that it is advancing its plans for a new data center with Sharon AI. The two partners have announced plans to acquire 200 acres in West Texas for the development of a 250MW AI/HPC data center that will be powered via natural gas from New Era. The initial phase of the project is expected to go online by late next year.

New Era Helium, Inc (NASDAQ:NEHC) is all set to take full advantage of the ongoing AI boom, as helium is essential for semiconductor fabrication, GPU cooling, and quantum computing applications, making it a key driver of AI and next-generation computing. Moreover, the company plans to use its significant natural gas reserves to power the data centers that are popping up all over the country.

Overall, New Era Helium, Inc (NASDAQ:NEHC) ranks first on our list of the energy stocks that are gaining this week. While we acknowledge the potential for NEHC, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than NEHC but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires

Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.

Page 9 of 9