Roth Capital lowered the firm’s price target on Stardust Power (SDST) to $11 from $14 and keeps a Buy rating on the shares. The company announced the results of its Front-End Loading 3 report, which outlined an initial capex of $500M, and the firm views this as a significant milestone for Stardust even as its share price has remained under pressure, the analyst tells investors in a research note.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SDST:
- Stardust Power Completes Key Study for Lithium Facility
- Stardust Power completes FEL 3 report for Oklahoma lithium refinery
- Upcoming Stock Splits This Week (September 8 to September 12) – Stay Invested
- Stardust Power Inc trading halted, news pending
- Stardust Power Announces Reverse Stock Split for Growth