Stardust Power (NASDAQ:SDST) Releases Quarterly Earnings Results

Stardust Power (NASDAQ:SDST) announced its quarterly earnings results on Wednesday. The company reported ($0.34) earnings per share 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 Price Performance

Shares of NASDAQ:SDST traded up $0.03 during midday trading on Thursday, reaching $2.64. 16,287 shares of the company’s stock were exchanged, compared to its average volume of 370,386. The firm’s 50 day simple moving average is $3.50 and its two-hundred day simple moving average is $3.63. The stock has a market cap of $25.92 million, a price-to-earnings ratio of -0.67 and a beta of 0.29. Stardust Power has a fifty-two week low of $1.42 and a fifty-two week high of $8.43.

Insider Transactions at Stardust Power

In other Stardust Power news, insider Bruce Czachor sold 17,655 shares of the company’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 transaction, the insider owned 22,345 shares of the company’s stock, valued at $51,170.05. This represents a 44.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. In the last 90 days, insiders have sold 27,041 shares of company stock valued at $62,140. 55.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Stardust Power

A number of institutional investors have recently made changes to their positions in SDST. Price T Rowe Associates Inc. MD acquired a new position in shares of Stardust Power in the 4th quarter worth approximately $69,000. State Street Corp purchased a new position in shares of Stardust Power during the 4th quarter worth approximately $44,000. Finally, Geode Capital Management LLC increased its holdings in Stardust Power by 40.3% in the 4th quarter. Geode Capital Management LLC now owns 59,143 shares of the company’s stock valued at $181,000 after purchasing an additional 16,989 shares during the last quarter. 32.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

About Stardust Power

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.