Why These Energy Stocks Are Losing This Week

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

Share Price Decline Between Apr. 15 and Apr. 22: 10.11%

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

New Era Helium, Inc. (NASDAQ:NEHC) recently announced an extension to the construction timeline of its Pecos Slope plant project, which is now expected to be operational in Q4 2024, instead of the initially forecasted Q2. The company revealed prolonged negotiations and financing challenges during the de-SPAC process to be the primary factors behind the delay.

That said, New Era Helium, Inc. (NASDAQ:NEHC) revealed last week that it is making progress in its plans for a new data center with Sharon AI. The joint venture intends to close on the acquisition of the 235-acre site within the next 90 days, marking a critical milestone toward construction and commercialization.