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Stardust Power Inc. (SDST)
:SDST
US Market

Stardust Power (SDST) AI Stock Analysis

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SD

Stardust Power

(NASDAQ:SDST)

Rating:26Underperform
Price Target:
Stardust Power's stock score is significantly hindered by its poor financial performance, characterized by consistent losses, negative equity, and cash flow issues. Technical analysis adds to the negative outlook with a lack of market momentum. Valuation metrics further highlight the company's challenges, with a negative P/E ratio and no dividend yield.
Positive Factors
Market Demand
The US Department of Interior and the Department of Energy include lithium on their critical minerals list, highlighting its importance and potential market demand.
Strategic Growth
SDST completed a merger with the special purpose acquisition company Global Partner Acquisition Corp II, indicating strategic growth.
Supply Chain
Stardust Power has land and partnerships to strengthen the U.S. supply chain by building a U.S. refinery in Oklahoma for lithium brine projects.
Negative Factors
Financial Management
Stardust reported a higher than expected cash burn of $3.8M, raising concerns about their financial management.
Market Compliance
Stardust faces Nasdaq delisting risk due to non-compliance with market value and stock price standards.
Project Development
Lithium carbonate prices have significantly decreased, impacting potential supplier investment decisions and project developments.

Stardust Power (SDST) vs. SPDR S&P 500 ETF (SPY)

Stardust Power Business Overview & Revenue Model

Company DescriptionStardust Power Inc. develops battery-grade lithium products designed to supply the electric vehicle (EV) industry. It is developing a central lithium refinery in Muskogee, Oklahoma for producing battery-grade lithium. The company is based in Greenwich, Connecticut.
How the Company Makes MoneyStardust Power generates revenue primarily through the sale and installation of its solar panels and wind turbines. Additionally, the company offers energy management systems and maintenance services, creating a recurring revenue stream from service contracts. Key partnerships with utility companies and government agencies also play a significant role in the company's earnings, as they facilitate large-scale renewable energy projects and provide access to subsidies and incentives for clean energy adoption.

Stardust Power Financial Statement Overview

Summary
Stardust Power faces significant financial challenges across all aspects of its financial statements. The absence of revenue, compounded by consistent operating and net losses, negative equity, and poor cash flow, paints a concerning picture of the company's financial health.
Income Statement
5
Very Negative
Stardust Power shows a troubling income statement with no revenue over the past years, leading to negative EBIT, EBITDA, and net income figures. The lack of revenue growth and persistent losses indicate significant challenges in generating income.
Balance Sheet
10
Very Negative
The balance sheet reveals a precarious financial position, marked by negative stockholders' equity and high debt levels. The company's debt-to-equity ratio is undefined due to negative equity, highlighting financial instability.
Cash Flow
15
Very Negative
The cash flow analysis underscores severe cash flow issues, with negative free cash flow and operating cash flow. The inability to generate positive cash flow from operations is a critical concern.
BreakdownDec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue0.000.000.000.00
Gross Profit0.000.000.000.00
EBITDA-16.12M-3.21M-1.98M-3.60M
Net Income-23.75M-4.55M15.07M4.71M
Balance Sheet
Total Assets9.02M43.74M304.78M301.10M
Cash, Cash Equivalents and Short-Term Investments912.57K101.00K842.00K
Total Debt10.01M72.97K785.00K0.00
Total Liabilities28.41M18.71M14.84M26.23M
Stockholders Equity-19.39M25.03M289.94M274.87M
Cash Flow
Free Cash Flow-12.37M-1.53M-1.04M
Operating Cash Flow-9.72M-1.53M-1.04M
Investing Cash Flow-4.79M0.00-300.00M
Financing Cash Flow14.15M785.00K301.87M

Stardust Power Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.21
Price Trends
50DMA
0.48
Negative
100DMA
0.56
Negative
200DMA
3.33
Negative
Market Momentum
MACD
-0.10
Positive
RSI
27.51
Positive
STOCH
63.62
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SDST, the sentiment is Negative. The current price of 0.21 is below the 20-day moving average (MA) of 0.34, below the 50-day MA of 0.48, and below the 200-day MA of 3.33, indicating a bearish trend. The MACD of -0.10 indicates Positive momentum. The RSI at 27.51 is Positive, neither overbought nor oversold. The STOCH value of 63.62 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SDST.

Stardust Power Risk Analysis

Stardust Power disclosed 98 risk factors in its most recent earnings report. Stardust Power reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks

Stardust Power Peers Comparison

Overall Rating
UnderperformOutperform
Sector (67)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
67
Neutral
$17.01B11.909.70%3.76%11.63%-9.47%
SVSVT
55
Neutral
$120.00M191.79-4.18%2.57%83.28%
54
Neutral
$20.55M-68.57%-0.63%60.93%
53
Neutral
$39.24M-57.21%-93.03%24.28%
GWGWH
42
Neutral
$21.06M-172.05%-58.05%-6.90%
26
Underperform
$12.57M-860.70%-12310.81%
* Financial Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
SDST
Stardust Power
0.21
-9.53
-97.84%
OESX
Orion Energy Systems
0.61
-0.41
-40.20%
SVT
Servotronics
46.94
35.78
320.61%
IPWR
Ideal Power
4.70
-2.95
-38.56%
GWH
ESS Tech
1.74
-10.43
-85.70%

Stardust Power Corporate Events

Executive/Board ChangesPrivate Placements and Financing
Stardust Power Induces Warrant Exercise for $3 Million
Neutral
Mar 17, 2025

On March 16, 2025, Stardust Power Inc. entered into an agreement with a warrant holder to induce the immediate exercise of existing stock purchase warrants at a reduced price. This agreement allows the holder to purchase 4,792,000 shares at $0.62 per share, down from the original $1.30, and in return, the company will issue new warrants for 9,584,000 shares. The transaction is expected to close on March 18, 2025, bringing in approximately $3 million in proceeds, which will be used for working capital and general corporate purposes. The company has committed to filing a registration statement for the resale of the new warrant shares and has placed restrictions on issuing new shares or entering variable rate transactions for a specified period post-closing. Additionally, Paramita Das will no longer serve as an executive officer following internal restructuring.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Apr 22, 2025