Maxim downgraded Stardust Power (SDST) to Hold from Buy. The firm is citing a longer timeline for potential U.S. lithium brine suppliers to develop projects and capital needs to build a battery-grade lithium brine refinery in Oklahoma, the analyst tells investors in a research note. Many of Stardust’s potential suppliers of lithium will continue to test small-scale direct lithium extraction production but will wait to expand production until lithium prices meaningfully increase, the firm added.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SDST:
- Stardust Power Amends Stock Purchase Agreement
- Stardust Power Reports Q1 2025 Financial Results
- Stardust Power confirms no industrial wastewater permit required for OK facility
- Stardust Power, OG&E announce execution of key service agreement
- Stardust Power files to sell 13.02M shares of common stock for holders