Stardust Power (NASDAQ:SDST) Stock Rating Upgraded by Roth Capital

Stardust Power (NASDAQ:SDST) was upgraded by investment analysts at Roth Capital to a “strong-buy” rating in a research note issued to investors on Wednesday,Zacks.com reports.

A number of other analysts have also issued reports on SDST. B. Riley assumed coverage on Stardust Power in a report on Tuesday, October 29th. They issued a “buy” rating and a $12.00 target price for the company. Roth Mkm began coverage on Stardust Power in a report on Thursday. They issued a “buy” rating and a $13.00 target price for the company.

Stardust Power Trading Up 4.5 %

NASDAQ SDST opened at $7.04 on Wednesday. Stardust Power has a 1 year low of $6.58 and a 1 year high of $28.38. The firm has a fifty day moving average of $8.51.

Hedge Funds Weigh In On Stardust Power

An institutional investor recently bought a new position in Stardust Power stock. Geode Capital Management LLC purchased a new stake in Stardust Power Inc. (NASDAQ:SDST) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 108,459 shares of the company’s stock, valued at approximately $883,000. Geode Capital Management LLC owned about 0.23% of Stardust Power as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 32.79% of the company’s stock.

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.