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

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

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

Stardust Power Trading Up 4.5 %

Shares of SDST opened at $7.04 on Wednesday. The stock’s fifty day moving average price is $8.51. Stardust Power has a 12-month low of $6.58 and a 12-month high of $28.38.

Institutional Investors Weigh In On Stardust Power

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

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.