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Stardust Power
(NASDAQ:SDST)
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Rating:41Neutral
Price Target:
$0.08
▼(-78.38% Downside)
Action:Upgraded
Date:10/03/26
The score is driven primarily by weak financial performance (no revenue, sustained losses, negative equity, and ongoing cash burn), reinforced by a strong bearish technical trend with negative momentum. Corporate events add material downside risk via Nasdaq compliance issues and dilution/default dynamics, partially offset by early-stage commercial progress (non-binding supply LOI) and governance strengthening. Valuation provides limited support due to negative earnings and no dividend.
Positive Factors
Potential domestic lithium demand
The C4V framework provides a defined potential demand pathway for planned battery-grade lithium output and aligns the refinery with expanding U.S. battery manufacturing. Although non-binding, the phased volumes could improve future sales visibility and support commercial planning if definitive agreements and production are achieved.
Negative Factors
Pre-revenue operating model
The company has not yet demonstrated commercial revenue generation, while substantial losses continue without sales to absorb operating costs. Until the refinery reaches production and achieves product specifications and yields, earnings depend on successful execution of a major development transition rather than an established operating base.
Read all positive and negative factors
Positive Factors
Negative Factors
Potential domestic lithium demand
The C4V framework provides a defined potential demand pathway for planned battery-grade lithium output and aligns the refinery with expanding U.S. battery manufacturing. Although non-binding, the phased volumes could improve future sales visibility and support commercial planning if definitive agreements and production are achieved.
Read all positive factors
Stardust Power (SDST) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$3.44M
Dividend YieldN/A
Average Volume (3M)36.58M
Price to Earnings (P/E)―
Beta (1Y)2.01
Revenue GrowthN/A
EPS Growth67.65%
CountryUS
Employees10
SectorIndustrials
Sector Strength72
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)-1.79
Shares Outstanding40,577,023
10 Day Avg. Volume32,010,842
30 Day Avg. Volume36,577,728
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 Cap5.82
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit-7.64K
Enterprise Value/Ebitda-1.18
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)-1.31
Revenue Forecast (FY)N/A
Stardust Power Business Overview & Revenue Model
Company Description
Stardust Power Inc. develops battery grade lithium products in the United States. The company is developing a lithium refinery in Muskogee, Oklahoma for producing battery-grade lithium carbonate. The company was founded in 2022 and is headquartere...
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 Technical Analysis
Negative
0.37
Price Trends
0.45
Negative
1.18
Negative
2.19
Negative
Market Momentum
-0.11
Negative
25.91
Positive
18.88
Positive
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 0.37 is above the 20-day moving average (MA) of 0.14, below the 50-day MA of 0.45, and below the 200-day MA of 2.19, indicating a bearish trend. The MACD of -0.11 indicates Negative momentum. The RSI at 25.91 is Positive, neither overbought nor oversold. The STOCH value of 18.88 is Positive, 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 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% | |
57 Neutral | $124.48M | -874.71 | 0.27% | ― | 16.48% | 99.12% | |
45 Neutral | $45.20M | -0.40 | 1887.41% | 0.42% | 5392.25% | -126.99% | |
43 Neutral | $12.75M | -0.05 | -1565.55% | ― | -4.85% | 53.62% | |
42 Neutral | $5.00M | -0.33 | -618.35% | ― | -61.39% | -93.53% | |
41 Neutral | $3.44M | -0.05 | 256.59% | ― | ― | 67.65% | |
41 Neutral | $6.31M | -0.05 | -1934.84% | ― | -119.02% | 53.13% |
* Industrials Sector Average
SDST
Stardust Power
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-3.92
-97.90%
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Stardust Power Corporate Events
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
Stardust Power Expands At-the-Market Equity Issuance Capacity
Neutral
Sep 22, 2026
On September 22, 2026, Stardust Power Inc. amended its prospectus supplement to increase the maximum amount of common stock it may issue under an existing at-the-market issuance sales agreement with B. Riley Securities Inc. by up to an additional ...
Private Placements and FinancingRegulatory Filings and Compliance
Stardust Power Expands ATM Equity Offering Capacity
Neutral
Sep 18, 2026
On September 17, 2026, Stardust Power Inc. amended its existing prospectus supplement to increase the maximum number of common shares available under its at-the-market issuance sales agreement with B. Riley Securities Inc. The update authorizes th...
Delistings and Listing ChangesRegulatory Filings and Compliance
Stardust Power Receives Nasdaq Minimum Bid Price Notice
Negative
Sep 17, 2026
On September 11, 2026, Stardust Power Inc. disclosed it had received a Nasdaq notice that its common stock failed to meet the $1.00 minimum bid price requirement for the prior 30 consecutive business days, from July 30, 2026 through September 10, ...
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...
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.