Stardust Power (NASDAQ:SDST) Raised to Strong-Buy at Roth Capital

Roth Capital upgraded shares of Stardust Power (NASDAQ:SDST) to a strong-buy rating in a research report released on Wednesday,Zacks.com reports.

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

Stardust Power Stock Down 3.4 %

NASDAQ:SDST opened at $6.80 on Wednesday. The stock has a 50 day moving average of $8.38. Stardust Power has a 12 month low of $6.58 and a 12 month high of $28.38.

Institutional Inflows and Outflows

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

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.