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The latest update is out from Stardust Power ( (SDST) ).
On January 20, 2026, Stardust Power Inc. announced it had secured an air quality construction permit from the Oklahoma Department of Environmental Quality for its Muskogee lithium refinery, completing the key environmental approvals required for construction and commissioning. The permit, which follows a comprehensive technical and public review, confirms the facility as a minor emissions source, validates its closed-loop water system and lack of wastewater discharge, and supplements prior stormwater and wastewater determinations, materially reducing regulatory timeline risk for what is positioned to be one of the largest lithium refineries in the United States. With construction permitting now complete and a final investment decision pending project financing, the company is poised to move into major construction on a plant expected to produce up to 50,000 metric tons per year of battery-grade lithium carbonate, a development that underscores the scarcity of fully permitted large-scale U.S. lithium refining projects and signals a potential boost to domestic clean energy supply chains, job creation, and Oklahoma’s energy infrastructure.
The most recent analyst rating on (SDST) stock is a Hold with a $3.50 price target. To see the full list of analyst forecasts on Stardust Power stock, see the SDST Stock Forecast page.
Spark’s Take on SDST Stock
According to Spark, TipRanks’ AI Analyst, SDST is a Neutral.
The score is primarily weighed down by very weak financial performance (no revenue, large losses, negative equity, and persistent cash burn). Technicals are also soft with the stock below key longer-term moving averages and negative MACD. Corporate events provide some support through project validation and supply/financing progress, but they do not offset the current financial strain and funding needs.
To see Spark’s full report on SDST stock, click here.
More about Stardust Power
Stardust Power Inc. is an American developer of battery-grade lithium carbonate that is building a strategically located refinery in Muskogee, Oklahoma, with planned capacity of up to 50,000 metric tons per year. The company targets the rapidly growing North American energy storage and electric vehicle markets and aims to strengthen U.S. energy security by supporting domestic lithium supply chains, while emphasizing sustainability and environmental stewardship in its operations.
Average Trading Volume: 177,244
Technical Sentiment Signal: Sell
Current Market Cap: $37.11M
Find detailed analytics on SDST stock on TipRanks’ Stock Analysis page.