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Stardust Power ( (SDST) ) has provided an announcement.
On April 13, 2026, Stardust Power Inc. announced it had signed a non-binding Letter of Intent with a strategic counterparty to secure up to 15,000 metric tons per year of lithium carbonate equivalent in the form of lithium chloride from a California lithium brine project. Initial deliveries are contemplated for the first half of 2028 to the company’s Muskogee, Oklahoma refinery, with an option for Stardust Power to purchase additional volumes at its discretion.
The prospective agreement forms part of Stardust Power’s broader strategy to build a diversified, scalable U.S.-based feedstock pipeline in support of its Muskogee refinery as it advances toward construction and commissioning. With multiple feedstock arrangements underway and key project milestones such as completion of FEL-3 engineering and receipt of an air quality construction permit, the company aims to bolster long-term operational readiness and reinforce its positioning in domestic lithium refining, although the LOI remains subject to due diligence and a definitive agreement that is not guaranteed to be executed.
The most recent analyst rating on (SDST) stock is a Buy with a $9.00 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 driven primarily by very weak financial performance (no revenue, large losses, negative equity, and ongoing cash burn). Technicals add downside pressure with the price below major moving averages and negative MACD, despite oversold readings. Positive corporate developments (permits and financing access) provide some offset, but do not outweigh the current financial and trend risks.
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 focused on strengthening U.S. energy security through resilient lithium supply chains. The company is building a lithium refinery in Muskogee, Oklahoma, designed to produce up to 50,000 metric tons of battery-grade lithium carbonate annually for the growing U.S. energy storage market.
Average Trading Volume: 357,941
Technical Sentiment Signal: Sell
Current Market Cap: $26.21M
For a thorough assessment of SDST stock, go to TipRanks’ Stock Analysis page.