Stardust Power (SDST)
NASDAQ:SDST
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Stardust Power
(NASDAQ:SDST)
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Rating:43Neutral
Price Target:
$2.50
▼(-6.72% Downside)
Action:ReiteratedDate:03/29/26
The score is driven primarily by very weak financial performance (no revenue, large losses, negative equity, and ongoing cash burn). Technicals add downside pressure with the price below major moving averages and negative MACD, despite oversold readings. Positive corporate developments (permits and financing access) provide some offset, but do not outweigh the current financial and trend risks.
Positive Factors
Permitting progress
Obtaining the air quality construction permit materially reduces regulatory timeline risk for the Muskogee refinery and clears a key obstacle to breaking ground. A fully permitted large-scale U.S. lithium refinery is scarce, improving the project's constructability and long-term ability to supply battery-grade lithium once financed.
Negative Factors
No revenue; persistent losses
The company remains pre-revenue with substantial recurring operating losses, indicating no current cash-generating operations. Absent meaningful revenue or a clear contracted offtake book, the business lacks an earnings foundation and remains dependent on external capital to reach commercial production and sustainable margins.
Read all positive and negative factors
Positive Factors
Negative Factors
Permitting progress
Obtaining the air quality construction permit materially reduces regulatory timeline risk for the Muskogee refinery and clears a key obstacle to breaking ground. A fully permitted large-scale U.S. lithium refinery is scarce, improving the project's constructability and long-term ability to supply battery-grade lithium once financed.
Read all positive factors
Stardust Power (SDST) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$27.71M
Dividend YieldN/A
Average Volume (3M)513.43K
Price to Earnings (P/E)―
Beta (1Y)1.42
Revenue GrowthN/A
EPS Growth61.78%
CountryUS
Employees8
SectorIndustrials
Sector Strength72
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)-0.30
Shares Outstanding9,966,473
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 Cap0.85
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit-7.41K
Enterprise Value/Ebitda-1.56
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)-1.1
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
9
Very Negative
Balance Sheet
12
Very Negative
Cash Flow
10
Very Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -3.17K | -1.82K | -6.00 | 0.00 | 0.00 |
| EBITDA | -16.08M | -16.12M | -3.79M | 15.07M | 4.70M |
| Net Income | -15.72M | -23.75M | -3.79M | 15.07M | 4.71M |
Balance Sheet | |||||
| Total Assets | 11.78M | 9.02M | 3.02M | 304.78M | 301.10M |
| Cash, Cash Equivalents and Short-Term Investments | 3.48M | 912.57K | 1.27M | 101.00K | 842.00K |
| Total Debt | 3.40M | 10.01M | 5.29M | 785.00K | 0.00 |
| Total Liabilities | 17.59M | 28.41M | 6.76M | 14.84M | 26.23M |
| Stockholders Equity | -5.81M | -19.39M | -3.73M | 289.94M | 274.87M |
Cash Flow | |||||
| Free Cash Flow | -8.30M | -12.37M | -3.09M | -1.53M | -1.04M |
| Operating Cash Flow | -8.28M | -9.72M | -2.98M | -1.53M | -1.04M |
| Investing Cash Flow | -3.40M | -4.79M | -301.97K | 0.00 | -300.00M |
| Financing Cash Flow | 14.24M | 14.15M | 4.56M | 785.00K | 301.87M |
Stardust Power Technical Analysis
Neutral
2.68
Price Trends
3.24
Negative
3.40
Negative
3.58
Negative
Market Momentum
-0.16
Negative
49.15
Neutral
90.82
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SDST, the sentiment is Neutral. The current price of 2.68 is above the 20-day moving average (MA) of 2.63, below the 50-day MA of 3.24, and below the 200-day MA of 3.58, indicating a neutral trend. The MACD of -0.16 indicates Negative momentum. The RSI at 49.15 is Neutral, neither overbought nor oversold. The STOCH value of 90.82 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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
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 | $40.00M | 83.09 | -39.87% | ― | -12.77% | 23.37% | |
45 Neutral | $29.89M | -0.43 | -265.36% | ― | -3.53% | 24.37% | |
43 Neutral | $27.71M | -1.44 | 209.00% | ― | ― | 61.78% | |
42 Neutral | $24.54M | -209.02 | 664.41% | ― | 18.24% | 24.49% | |
40 Underperform | $4.63M | -0.51 | -119.92% | ― | -44.32% | -49.47% | |
| ― | $44.15M | -0.87 | 51.65% | ― | ― | 98.03% |
* Industrials Sector Average
SDST
Stardust Power
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Stardust Power Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Stardust Power Secures New Equity Facility for Growth
Positive
Feb 18, 2026
On February 12, 2026, Stardust Power Inc. entered into a common stock purchase agreement with B. Riley Principal Capital II, securing an equity facility that allows the company to sell up to $10 million of newly issued common stock over a 36‑...
Business Operations and StrategyExecutive/Board Changes
Stardust Power Strengthens Leadership With New General Counsel
Positive
Jan 30, 2026
On January 26, 2026, Stardust Power appointed veteran mining and energy-sector lawyer Bruce Czachor as General Counsel, Chief Compliance Officer and Secretary, strengthening its legal and governance capabilities as it pushes ahead with its Muskoge...
Business Operations and StrategyRegulatory Filings and Compliance
Stardust Power Secures Key Permit for Lithium Refinery
Positive
Jan 20, 2026
On January 20, 2026, Stardust Power Inc. announced it had secured an air quality construction permit from the Oklahoma Department of Environmental Quality for its Muskogee lithium refinery, completing the key environmental approvals required for c...
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.