Stardust Power (NASDAQ:SDST) Releases Quarterly Earnings Results

Stardust Power (NASDAQ:SDST) issued its earnings results on Wednesday. The company reported ($0.34) EPS for the quarter, Zacks reports.

Here are the key takeaways from Stardust Power’s conference call:

• Completed major de‑risking milestones including completion of the FEL‑3 engineering study, an independent Black & Veatch review finding low technical/design risk, and receipt of the air quality construction permit, clearing a path toward construction.
• The company is pre‑revenue with $3.5M cash on hand and a $15.7M net loss for 2025, and management warns additional capital will be required within 12 months to fund operations and advance the refinery.
• Commercial momentum includes two supply agreements for up to 13,500 MT LCE and a planned refinery capacity of up to 50,000 MT/year, supporting domestic battery-material needs.
• Management strengthened execution and credibility through senior hires (COO, General Counsel), strategic advisors, a licensing agreement with KMX Technologies, a research partnership with Ohio State, and active federal/state stakeholder engagement to aid permitting and project financing.

Stardust Power Stock Down 2.7%

Shares of NASDAQ SDST traded down $0.07 during mid-day trading on Thursday, hitting $2.54. 17,482 shares of the company were exchanged, compared to its average volume of 370,386. The stock has a 50 day simple moving average of $3.50 and a 200-day simple moving average of $3.63. Stardust Power has a 1-year low of $1.42 and a 1-year high of $8.43. The firm has a market cap of $24.94 million, a price-to-earnings ratio of -0.65 and a beta of 0.29.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Stardust Power in a report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Stardust Power presently has an average rating of “Moderate Buy” and a consensus price target of $17.00.

Insider Buying and Selling

In related news, insider Bruce Czachor sold 17,655 shares of the firm’s stock in a transaction dated Friday, March 20th. The shares were sold at an average price of $2.29, for a total value of $40,429.95. Following the completion of the sale, the insider owned 22,345 shares in the company, valued at $51,170.05. This trade represents a 44.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last ninety days, insiders have sold 27,041 shares of company stock worth $62,140. 55.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in SDST. Geode Capital Management LLC increased its position in Stardust Power by 40.3% during the 4th quarter. Geode Capital Management LLC now owns 59,143 shares of the company’s stock worth $181,000 after purchasing an additional 16,989 shares in the last quarter. State Street Corp purchased a new stake in shares of Stardust Power during the fourth quarter worth about $44,000. Finally, Price T Rowe Associates Inc. MD purchased a new position in shares of Stardust Power during the 4th quarter worth $69,000. 32.79% of the stock is currently owned by institutional investors and hedge funds.

Stardust Power Company Profile

Stardust Power Inc is a vertically-integrated lithium refinery that engages in producing battery-grade lithium. The company was founded in 2022 and is based in Greenwich, Connecticut.