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

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

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

Stardust Power Trading Up 4.5 %

Shares of NASDAQ:SDST opened at $7.04 on Wednesday. The company’s 50-day moving average is $8.51. Stardust Power has a one year low of $6.58 and a one year high of $28.38.

Institutional Trading of Stardust Power

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

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.