Stardust Power (NASDAQ:SDST) Upgraded by Roth Capital to “Strong-Buy” Rating

Stardust Power (NASDAQ:SDST) was upgraded by Roth Capital to a “strong-buy” rating in a report released on Wednesday,Zacks.com reports.

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

Stardust Power Price Performance

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 50 day moving average price of $8.51.

Institutional Trading of Stardust Power

A hedge fund recently bought a new stake in Stardust Power stock. Geode Capital Management LLC purchased a new stake in Stardust Power Inc. (NASDAQ:SDST) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 108,459 shares of the company’s stock, valued at approximately $883,000. Geode Capital Management LLC owned 0.23% of Stardust Power as of its most recent SEC filing. 32.79% of the stock is owned by institutional investors and hedge funds.

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.