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Stardust Power
(NASDAQ:SDST)
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Rating:41Neutral
Price Target:
$0.56
▼(-64.62% Downside)
Action:Reiterated
Date:08/22/26
The score is held down primarily by weak financial performance (pre-revenue, sustained losses, negative equity, and ongoing cash burn) and a strongly bearish technical setup with the stock trading well below major moving averages. Valuation provides limited support because the company is loss-making and has no stated dividend yield, while corporate events are mixed—demand visibility from an LOI is tempered by dilution and default-risk signals from the convertible note.
Positive Factors
Potential long-term lithium demand
The LOI provides potential multi-year demand visibility for planned lithium carbonate output and aligns the refinery with U.S. battery manufacturing growth. It remains non-binding, but product qualification and phased volumes could support future commercialization if definitive agreements follow.
Negative Factors
Convertible note default and dilution
The default-triggered conversion highlights capital-structure fragility and diluted existing holders without raising cash. Remaining principal and possible default-related amounts could create further dilution or repayment pressure before the business generates operating revenue.
Read all positive and negative factors
Positive Factors
Negative Factors
Potential long-term lithium demand
The LOI provides potential multi-year demand visibility for planned lithium carbonate output and aligns the refinery with U.S. battery manufacturing growth. It remains non-binding, but product qualification and phased volumes could support future commercialization if definitive agreements follow.
Read all positive factors
Stardust Power (SDST) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$8.23M
Dividend YieldN/A
Average Volume (3M)513.43K
Price to Earnings (P/E)―
Beta (1Y)2.45
Revenue GrowthN/A
EPS Growth67.65%
CountryUS
Employees10
SectorIndustrials
Sector Strength72
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)-1.79
Shares Outstanding14,049,388
10 Day Avg. Volume871,369
30 Day Avg. Volume513,432
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)-3.89
Price to Sales (P/S)0.00
P/FCF Ratio-2.72
Enterprise Value/Market Cap<0.01
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit>-0.01
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price Target
$0.67Price Target Upside-57.59% Downside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)-1.52
Revenue Forecast (FY)N/A
Stardust Power Business Overview & Revenue Model
Company Description
Stardust Power Inc. (SDST) is a U.S.-based company focused on developing and operating lithium processing and refining capacity intended to supply battery-grade lithium products for the electric vehicle and energy storage supply chain. The company...
How the Company Makes Money
Stardust Power’s planned revenue model is to generate sales by processing lithium-bearing raw materials (such as lithium concentrates or other lithium feedstocks) and selling refined, battery-grade lithium products to customers in the battery and ...
Stardust Power Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
18
Very Negative
Cash Flow
14
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -2.62K | -3.17K | -1.82K | -6.00 | 0.00 | 0.00 |
| EBITDA | -16.93M | -15.20M | -16.12M | -3.79M | 15.07M | 4.70M |
| Net Income | -17.35M | -15.72M | -23.75M | -3.79M | 15.07M | 4.71M |
Balance Sheet | ||||||
| Total Assets | 9.05M | 11.78M | 9.02M | 3.02M | 304.78M | 301.10M |
| Cash, Cash Equivalents and Short-Term Investments | 540.26K | 3.48M | 912.57K | 1.27M | 101.00K | 842.00K |
| Total Debt | 90.53K | 3.40M | 10.01M | 5.29M | 785.00K | 0.00 |
| Total Liabilities | 17.30M | 17.59M | 28.41M | 6.76M | 14.84M | 26.23M |
| Stockholders Equity | -8.24M | -5.81M | -19.39M | -3.73M | 289.94M | 274.87M |
Cash Flow | ||||||
| Free Cash Flow | -5.68M | -8.30M | -12.37M | -3.09M | -1.53M | -1.04M |
| Operating Cash Flow | -7.79M | -8.28M | -9.72M | -2.98M | -1.53M | -1.04M |
| Investing Cash Flow | -1.38M | -3.40M | -4.79M | -301.97K | 0.00 | -300.00M |
| Financing Cash Flow | 7.10M | 14.24M | 14.15M | 4.56M | 785.00K | 301.87M |
Stardust Power Risk Analysis
Stardust Power disclosed 69 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
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
56 Neutral | $77.98M | -569.83 | 0.27% | ― | 16.48% | 99.12% | |
44 Neutral | $16.93M | -0.07 | 1227.16% | ― | -4.85% | 53.62% | |
44 Neutral | $65.68M | -0.58 | 1887.41% | ― | 5392.25% | -126.99% | |
42 Neutral | $5.66M | -0.42 | -260.79% | ― | -61.39% | -93.53% | |
41 Neutral | $8.23M | -0.35 | 302.33% | ― | ― | 67.65% | |
41 Neutral | $12.91M | -0.14 | -1251.69% | ― | -119.02% | 53.13% |
* Industrials Sector Average
SDST
Stardust Power
0.62
-3.38
-84.50%
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DFLI
Dragonfly Energy Holdings Corp
1.20
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STI
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7.64
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125.37%
Stardust Power Corporate Events
Financial DisclosuresPrivate Placements and FinancingRegulatory Filings and Compliance
Stardust Power Converts Note Amid Ongoing Default Risks
Negative
Aug 21, 2026
On December 23, 2025, Stardust Power Inc. issued a $4.8 million senior secured convertible promissory note to Lind Global Asset Management XIII LLC, with terms that triggered a default when the company’s market capitalization fell below $15 ...
Executive/Board Changes
Stardust Power Adds Independent Director to Board
Positive
Aug 11, 2026
On August 10, 2026, Stardust Power appointed V. Ray Rivers to its board of directors, with a term running until the 2027 annual shareholder meeting, and named him to the audit and compensation committees. The board determined that the 64-year-old ...
Business Operations and Strategy
Stardust Power Signs LOI for Lithium Supply
Positive
Aug 5, 2026
On August 5, 2026, Stardust Power announced it had entered a non-binding Letter of Intent with C4V for the supply of battery-grade lithium carbonate from its planned Muskogee, Oklahoma refinery to support C4V’s battery manufacturing joint ve...
Executive/Board ChangesRegulatory Filings and Compliance
Stardust Power Board Member Resigns from Committees
Neutral
Jul 24, 2026
On July 20, 2026, Stardust Power Inc. disclosed that Board member Charlotte Nangolo resigned from the Board and from the Audit and Compensation Committees, with her departure effective immediately. The company stated that Nangolo’s resignati...
Business Operations and StrategyExecutive/Board ChangesRegulatory Filings and Compliance
Stardust Power Plans Transition in Legal Leadership
Neutral
Jul 2, 2026
On June 30, 2026, Stardust Power Inc. disclosed that it would not renew the Executive Employment Agreement with its General Counsel, Chief Compliance Officer and Secretary, Bruce Czachor, which was originally dated January 26, 2026. The decision s...
Executive/Board ChangesPrivate Placements and FinancingShareholder Meetings
Stardust Power Shareholders Approve Key Annual Meeting Proposals
Neutral
Jun 3, 2026
At its recent annual meeting, Stardust Power stockholders elected six directors to one-year terms expiring at the 2027 annual meeting and ratified the appointment of KNAV CPA LLP as the independent registered public accounting firm for the fiscal ...
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.