Stardust Power (NASDAQ:SDST) Upgraded at Roth Capital

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

SDST has been the subject of several other research reports. Roth Mkm started coverage on Stardust Power in a report on Thursday. They set a “buy” rating and a $13.00 price target for the company. B. Riley assumed coverage on 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 Stock Down 3.4 %

Shares of SDST opened at $6.80 on Wednesday. The company has a 50-day moving average price of $8.45. Stardust Power has a one year low of $6.58 and a one year high of $28.38.

Hedge Funds Weigh In On Stardust Power

An institutional investor recently bought a new position in Stardust Power stock. Geode Capital Management LLC bought a new stake in Stardust Power Inc. (NASDAQ:SDST) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 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 SEC filing. 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.