Stardust Power (NASDAQ:SDST) Posts Quarterly Earnings Results

Stardust Power (NASDAQ:SDST) released its quarterly earnings data 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 Trading Up 1.1%

Shares of Stardust Power stock traded up $0.03 during trading hours on Thursday, reaching $2.64. The stock had a trading volume of 16,287 shares, compared to its average volume of 370,386. The stock’s 50 day moving average is $3.50 and its 200 day moving average is $3.63. Stardust Power has a twelve month low of $1.42 and a twelve month high of $8.43. The firm has a market capitalization of $25.92 million, a PE ratio of -0.67 and a beta of 0.29.

Insider Activity at Stardust Power

In related news, insider Bruce Czachor sold 17,655 shares of the company’s stock in a transaction dated Friday, March 20th. The stock was sold at an average price of $2.29, for a total value of $40,429.95. Following the completion of the transaction, the insider owned 22,345 shares of the company’s stock, valued at approximately $51,170.05. This represents a 44.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last 90 days, insiders sold 27,041 shares of company stock worth $62,140. 55.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Stardust Power

Several large investors have recently bought and sold shares of the company. State Street Corp acquired a new stake in shares of Stardust Power in the fourth quarter valued at approximately $44,000. Price T Rowe Associates Inc. MD purchased a new position in Stardust Power during the fourth quarter worth approximately $69,000. Finally, Geode Capital Management LLC boosted its stake in Stardust Power by 40.3% during the fourth quarter. Geode Capital Management LLC now owns 59,143 shares of the company’s stock worth $181,000 after buying an additional 16,989 shares during the last quarter. 32.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

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.