Stardust Power (SDST)
NASDAQ:SDST
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Stardust Power
(NASDAQ:SDST)
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Rating:43Neutral
Price Target:
$2.00
▼(-32.20% Downside)
Action:Reiterated
Date:05/16/26
The score is weighed down primarily by very weak financial performance (no revenue, ongoing losses/cash burn, and negative equity). Technicals also reflect a sustained downtrend and soft momentum. Valuation is hard to justify with losses and no dividend, while corporate events are mixed—project financing/supply progress is offset by elevated Nasdaq compliance risk.
Positive Factors
Domestic lithium refinery positioning
Stardust’s core plan to build a U.S. battery-grade lithium refinery aligns with structural demand for domestic battery supply chains. That positioning can secure policy support, local incentives and long-term offtakes, strengthening strategic market access over the next 2–6 months.
Negative Factors
Pre-revenue with persistent losses
The company remains pre-revenue with sizable recurring losses, meaning ongoing operating deficits must be funded externally. Persistent losses degrade runway and increase the probability of future dilutive financings, constraining the firm's ability to independently execute long-term plans.
Read all positive and negative factors
Positive Factors
Negative Factors
Domestic lithium refinery positioning
Stardust’s core plan to build a U.S. battery-grade lithium refinery aligns with structural demand for domestic battery supply chains. That positioning can secure policy support, local incentives and long-term offtakes, strengthening strategic market access over the next 2–6 months.
Read all positive factors
Stardust Power (SDST) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$22.96M
Dividend YieldN/A
Average Volume (3M)513.43K
Price to Earnings (P/E)―
Beta (1Y)1.46
Revenue GrowthN/A
EPS Growth72.29%
CountryUS
Employees8
SectorIndustrials
Sector Strength72
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)-2.03
Shares Outstanding10,579,727
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 Cap0.97
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit-6.55K
Enterprise Value/Ebitda-1.44
Forecast
1Y Price Target
$2.24Price Target Upside-24.07% Downside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)-1.32
Revenue Forecast (FY)N/A
Stardust Power Business Overview & Revenue Model
Company Description
Stardust 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 Green...
How the Company Makes Money
Stardust Power’s intended revenue model is to generate sales by producing and selling battery-grade lithium chemicals (e.g., lithium hydroxide and/or lithium carbonate) to customers in the battery and electric-vehicle supply chain. Revenue would b...
Stardust Power Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
12
Very Negative
Cash Flow
10
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 | -3.39K | -3.17K | -1.82K | -6.00 | 0.00 | 0.00 |
| EBITDA | -15.49M | -16.08M | -16.12M | -3.79M | 15.07M | 4.70M |
| Net Income | -17.15M | -15.72M | -23.75M | -3.79M | 15.07M | 4.71M |
Balance Sheet | ||||||
| Total Assets | 9.44M | 11.78M | 9.02M | 3.02M | 304.78M | 301.10M |
| Cash, Cash Equivalents and Short-Term Investments | 1.24M | 3.48M | 912.57K | 1.27M | 101.00K | 842.00K |
| Total Debt | 3.66M | 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 | -7.87M | -5.81M | -19.39M | -3.73M | 289.94M | 274.87M |
Cash Flow | ||||||
| Free Cash Flow | -6.70M | -8.30M | -12.37M | -3.09M | -1.53M | -1.04M |
| Operating Cash Flow | -7.47M | -8.28M | -9.72M | -2.98M | -1.53M | -1.04M |
| Investing Cash Flow | -2.61M | -3.40M | -4.79M | -301.97K | 0.00 | -300.00M |
| Financing Cash Flow | 9.73M | 14.24M | 14.15M | 4.56M | 785.00K | 301.87M |
Stardust Power Technical Analysis
Negative
2.95
Price Trends
2.56
Negative
3.12
Negative
3.45
Negative
Market Momentum
-0.15
Positive
46.89
Neutral
40.02
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 2.95 is above the 20-day moving average (MA) of 2.41, above the 50-day MA of 2.56, and below the 200-day MA of 3.45, indicating a bearish trend. The MACD of -0.15 indicates Positive momentum. The RSI at 46.89 is Neutral, neither overbought nor oversold. The STOCH value of 40.02 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 67 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 | $35.95M | 83.09 | -39.87% | ― | -4.47% | 37.91% | |
45 Neutral | $26.48M | -0.54 | -926.77% | ― | -73.24% | 53.32% | |
44 Neutral | $24.35M | -793.40 | 1227.16% | ― | 6.76% | 56.18% | |
43 Neutral | $22.96M | -1.12 | 209.00% | ― | ― | 72.29% | |
43 Neutral | $36.56M | -8.59 | 441.33% | ― | ― | -280.32% | |
42 Neutral | $6.79M | -9.53 | -119.92% | ― | -54.67% | -107.48% |
* Industrials Sector Average
SDST
Stardust Power
2.34
-3.74
-61.51%
OESX
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9.07
2.13
30.67%
POLA
Polar Power
2.05
0.23
12.64%
GWH
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0.92
-0.89
-49.12%
DFLI
Dragonfly Energy Holdings Corp
2.01
-2.03
-50.25%
STI
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4.98
1.69
51.37%
Stardust Power Corporate Events
Private Placements and FinancingRegulatory Filings and Compliance
Stardust Power Launches $5 Million At-The-Market Offering
Neutral
May 8, 2026
On May 8, 2026, Stardust Power Inc. entered into an at-the-market issuance sales agreement with B. Riley Securities, allowing the company to sell up to $5 million of common stock through ordinary brokerage transactions on the Nasdaq Capital Market...
Business Operations and StrategyDelistings and Listing ChangesRegulatory Filings and Compliance
Stardust Power Receives Nasdaq Noncompliance Delisting Notice
Negative
Apr 30, 2026
On April 24, 2026, Stardust Power Inc. disclosed that it had fallen below Nasdaq Capital Market continued listing standards, failing to meet the $35 million minimum market value of listed securities requirement for 30 consecutive business days and...
Business Operations and StrategyPrivate Placements and Financing
Stardust Power Secures Major Lithium Refinery Financing Framework
Positive
Apr 20, 2026
On April 20, 2026, Stardust Power Inc. announced it had signed a non-binding letter of intent with a single institutional investor outlining a framework for up to $150 million of project-level financing for its planned lithium refinery in Muskogee...
Business Operations and Strategy
Stardust Power Signs LOI for Lithium Supply
Positive
Apr 13, 2026
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 Californ...
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.