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Stardust Power
(NASDAQ:SDST)
Stardust Power (SDST) vs. SPDR S&P 500 ETF (SPY)
Stardust Power Business Overview & Revenue Model
Stardust Power Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -3.07K | -1.82K | -6.00 | 0.00 | 0.00 |
| EBITDA | -13.49M | -16.12M | -3.79M | 15.07M | 4.70M |
| Net Income | -21.54M | -23.75M | -3.79M | 15.07M | 4.71M |
Balance Sheet | |||||
| Total Assets | 10.04M | 9.02M | 3.02M | 304.78M | 301.10M |
| Cash, Cash Equivalents and Short-Term Investments | 1.59M | 912.57K | 1.27M | 101.00K | 842.00K |
| Total Debt | 304.67K | 10.01M | 5.29M | 785.00K | 0.00 |
| Total Liabilities | 15.16M | 28.41M | 6.76M | 14.84M | 26.23M |
| Stockholders Equity | -5.12M | -19.39M | -3.73M | 289.94M | 274.87M |
Cash Flow | |||||
| Free Cash Flow | -13.24M | -12.37M | -3.09M | -1.53M | -1.04M |
| Operating Cash Flow | -7.75M | -9.72M | -2.98M | -1.53M | -1.04M |
| Investing Cash Flow | -6.51M | -4.79M | -301.97K | 0.00 | -300.00M |
| Financing Cash Flow | 14.27M | 14.15M | 4.56M | 785.00K | 301.87M |
Stardust Power Technical Analysis
Stardust Power Risk Analysis
Stardust Power Peers Comparison
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 | $58.86M | -8.86 | -45.94% | ― | -12.77% | 23.37% | |
43 Neutral | $37.11M | -0.98 | ― | ― | ― | 61.78% | |
43 Neutral | $36.10M | -0.36 | -265.36% | ― | -3.53% | 24.37% | |
41 Neutral | $4.47M | -0.49 | -119.92% | ― | -44.32% | -49.47% | |
38 Underperform | $49.04M | -0.13 | ― | ― | 18.24% | 24.49% | |
26 Underperform | $62.15M | -2.16 | ― | ― | ― | 98.03% |
Stardust Power Corporate Events
On December 23, 2025, Stardust Power Inc. entered into a Securities Purchase Agreement with Lind Global Asset Management XIII LLC, securing approximately $4.0 million in gross proceeds through the issuance of a $4.8 million senior secured convertible promissory note and an accompanying warrant, with the debt secured by all company assets and subsidiary guarantees and structured for repayment over 20 monthly installments in cash, stock, or a combination. On December 24, 2025, the company announced that this financing forms part of a facility of up to $15.0 million in senior secured convertible debt intended to provide flexible, potentially bridge, capital for early-stage engineering, infrastructure, procurement, and other pre-construction activities at its Muskogee, Oklahoma lithium refinery project, as it builds a broader project-level capital stack aimed at advancing the refinery toward construction while seeking to limit dilution for shareholders.
The most recent analyst rating on (SDST) stock is a Hold with a $3.00 price target. To see the full list of analyst forecasts on Stardust Power stock, see the SDST Stock Forecast page.
On December 11, 2025, Stardust Power Inc. and B. Riley Principal Capital II, LLC mutually terminated their Common Stock Purchase Agreement originally established in October 2024, along with associated rights agreements. This decision, driven by Stardust Power’s goal of adopting more flexible and non-dilutive financing alternatives, involves a make-whole payment of $471,942.90 to be completed in three structured portions. The termination allows Stardust Power to realign its funding strategy with its current capital objectives, although the company maintains a positive relationship with the investor for potential future arrangements.
The most recent analyst rating on (SDST) stock is a Buy with a $9.00 price target. To see the full list of analyst forecasts on Stardust Power stock, see the SDST Stock Forecast page.
On December 10, 2025, Stardust Power announced the completion of an independent engineering review of its Muskogee lithium carbonate refinery project by Black & Veatch. The review confirmed that the project’s technical and design assumptions meet industry standards and that initial production targets are achievable. This validation supports Stardust Power’s plans to construct a 50,000 metric-ton-per-annum facility, starting with a Phase 1 production of 25,000 metric tons per year. The review also found low technical and design risk, affirming the project’s feasibility and aligning with industry practices. This milestone advances the project towards major construction, enhancing Stardust Power’s position in the market and providing confidence to investors and stakeholders.
The most recent analyst rating on (SDST) stock is a Buy with a $9.00 price target. To see the full list of analyst forecasts on Stardust Power stock, see the SDST Stock Forecast page.
On November 3, 2025, Stardust Power Inc. announced a non-binding letter of intent with Mandrake Resources Limited to supply 7,500 metric tons per annum of lithium carbonate equivalent in the form of lithium chloride from Mandrake’s Utah Lithium Project. This agreement, subject to a definitive purchase agreement, aims to strengthen Stardust Power’s U.S. lithium supply chain and support its operations at the Muskogee, Oklahoma site. The strategic alignment with Mandrake’s project, which benefits from existing infrastructure and regulatory support, enhances Stardust Power’s position as a central hub for domestic lithium supply, reducing development risk and improving financing options.
The most recent analyst rating on (SDST) stock is a Buy with a $11.00 price target. To see the full list of analyst forecasts on Stardust Power stock, see the SDST Stock Forecast page.
On October 27, 2025, Stardust Power Inc. received approval from Nasdaq to transfer its common stock listing from the Nasdaq Global Market to the Nasdaq Capital Market, effective October 29, 2025. This move, which confirms the company’s compliance with Nasdaq’s listing requirements, cancels a previously scheduled appeal hearing. The transfer does not impact Stardust Power’s business operations or reporting obligations. The company continues to advance its project milestones towards a Final Investment Decision, aiming to deliver one of America’s largest lithium refineries.
The most recent analyst rating on (SDST) stock is a Buy with a $11.00 price target. To see the full list of analyst forecasts on Stardust Power stock, see the SDST Stock Forecast page.
On October 30, 2025, Stardust Power Inc. entered into a Warrant Exchange Agreement with an institutional investor, allowing the investor to exchange its existing warrants for newly issued shares of common stock. This exchange, involving 958,400 warrant shares converted into 730,689 shares of common stock, is set to close shortly after the agreement date. The transaction will result in the cancellation of the existing warrants and will not generate any cash proceeds for the company, as it relies on an exemption from registration under the Securities Act of 1933.
The most recent analyst rating on (SDST) stock is a Buy with a $11.00 price target. To see the full list of analyst forecasts on Stardust Power stock, see the SDST Stock Forecast page.
On October 21, 2025, Stardust Power announced a non-binding letter of intent with Prairie Lithium Limited for the supply of 6,000 metric tons per annum of lithium carbonate equivalent in the form of lithium chloride. This agreement, which is subject to a definitive agreement, marks a significant step for Stardust Power as it accelerates its business model and strengthens its position in the North American lithium supply chain. The supply will be delivered to the Port of Muskogee’s Free Trade Zone, offering strategic advantages such as tariff exemptions. Initial deliveries are expected to begin in 2027, with the agreement spanning an initial six-year term and options for extensions. This move is expected to enhance Stardust Power’s commercial position, unlock new financing avenues, and support the company’s transition from development to operations.
The most recent analyst rating on (SDST) stock is a Buy with a $11.00 price target. To see the full list of analyst forecasts on Stardust Power stock, see the SDST Stock Forecast page.