Stardust Power (SDST) Stock Price, News & Analysis
What Changed
Price Move History
- Daily moves over 5%
- 100 252 sessions, September 26, 2025 to September 28, 2026
- Largest daily move
- +57.6% close of September 17, 2026
- 1-year change
- -96.6% closing prices, September 26, 2025 to September 28, 2026
- 5-year change
- -99.9% closing prices, September 28, 2021 to September 28, 2026
Company Description
Company Overview
Stardust Power Inc. is an American developer of battery-grade lithium carbonate. The company is developing a proposed lithium refinery project in Muskogee, Oklahoma, and its common stock trades on Nasdaq under the symbol SDST.
Stardust Power sits in the lithium and battery materials supply chain. Its stated product focus is battery-grade lithium carbonate, a refined lithium product used in battery manufacturing. The company has described electric vehicle manufacturers as its primary target market, with potential applications for battery manufacturers, the U.S. military, and original equipment manufacturers.
Business Focus
The company’s business centers on development of a lithium refinery rather than an operating mine. Its disclosed plan includes sourcing lithium brine feedstock from suppliers and potentially making upstream investments to secure additional feedstock. Recent company materials also describe work around lithium chloride feedstock and evaluation of lithium samples from domestic waste-stream research for potential refining applications.
Because Stardust Power is developing a proposed industrial project, investors often focus on project execution items such as permitting, engineering, feedstock access, commercial offtake discussions, financing arrangements, and Nasdaq listing compliance. Company disclosures have referenced an air quality construction permit for the Muskogee refinery, site engineering activities, and completed front-end engineering work used to support more detailed design and planning.
Muskogee Lithium Refinery Project
The Muskogee, Oklahoma refinery is the central operating project described in Stardust Power’s public materials. The company has characterized the project as part of domestic critical mineral infrastructure. Its development activities include engineering design, site investigations, foundation planning, and related work tied to future construction planning.
The company has also disclosed a non-binding letter of intent with Charge CCCV LLC, an American battery technology company, for the supply of battery-grade lithium carbonate from the Muskogee refinery. The filing related to that agreement states that the parties intend to work toward final supply volumes, pricing, and delivery schedules, but that the agreement remains subject to negotiation and a definitive agreement.
Feedstock and Commercial Development
Stardust Power’s public materials describe several feedstock and commercial pathways. The company has discussed sourcing lithium brine feedstock from various suppliers, an agreement framework tied to lithium chloride feedstock from a California-based brine project, and participation as an industrial partner in a U.S. Department of Energy-funded research program focused on lithium extraction from domestic waste streams.
In that research program, Stardust Power’s disclosed role is to evaluate lithium samples produced by the research team against battery-grade specifications and support downstream commercialization pathways for potential refining applications. The waste streams referenced in company materials include wastewater from oil and gas operations and drainage from legacy coal mines.
Public Company and Capital Structure
Stardust Power files reports with the SEC as a public company. Its filings reference common stock and redeemable warrants, equity incentive plan matters, at-the-market share sales arrangements, convertible note financing, and other capital-structure items. These disclosures are important because a refinery development company may need substantial capital before commercial operations are established.
The company has also disclosed a Nasdaq notice related to continued listing standards. That filing stated that the notice had no immediate impact on the listing of the company’s securities on the Nasdaq Capital Market at the time of the filing, while describing compliance requirements and potential delisting procedures if compliance is not regained.
Key Investor Considerations
- Project stage: Stardust Power is developing a proposed lithium refinery project in Muskogee, Oklahoma.
- Product focus: The company’s stated focus is battery-grade lithium carbonate.
- Feedstock strategy: Public materials reference lithium brine feedstock, lithium chloride feedstock, and evaluation of lithium from domestic waste streams.
- Commercial path: The company has disclosed non-binding offtake and supply-related agreements that remain subject to definitive terms.
- Regulatory filings: SEC filings include quarterly reports, current reports, financing agreements, governance matters, warrants, and listing compliance disclosures.
Stock Performance
Stardust Power (SDST) closed at $0.1079 on September 28, 2026. Over the past 12 months, the price has lost 96.6%.
SDST Metrics & Rankings
Price returns through September 28, 2026. Month-to-date and YTD include the first trading day. Ranking links may use different dates.
Latest News
Stardust Power has 10 recent news articles. Of the recent coverage, 3 articles coincided with positive price movement and 7 with negative movement. Key topics include earnings, management, conferences, earnings date. View all SDST news →
SEC Filings
Stardust Power has filed 10 recent SEC filings, including 3 Form 4, 3 Form 8-K, 2 Form 144, 2 Form 424B5. The most recent filing was submitted on September 22, 2026. SEC filings provide transparency into a company's financial condition, material events, and regulatory compliance. View all SDST SEC filings →
Insider Radar
Insider selling at Stardust Power over the past 90 days can reflect routine portfolio management, scheduled trading plans (Rule 10b5-1), tax planning, or compensation-related dispositions rather than a directional view on the stock.
Financial Highlights
operating income reached -$16.1M, and net income was -$3.8M. Diluted earnings per share stood at -$2.13. The company generated -$8.3M in operating cash flow. The current ratio was 0.29, measuring current assets divided by current liabilities.
Upcoming Events
Initial feedstock deliveries
C4V supply forecast
Initial LCE deliveries begin
C4V supply forecast
Equity facility expiration
C4V supply forecast
Stardust Power has 6 upcoming scheduled events. The next event, "Initial feedstock deliveries", is scheduled for January 1, 2027 (in 94 days). 1 of the upcoming events are financial in nature, such as earnings calls or quarterly results. Investors can track these dates to stay informed about potential catalysts that may affect the SDST stock price.
Short Interest History
Short interest in Stardust Power (SDST) currently stands at 1.2 million shares, up 233.2% from the previous reporting period, representing 7.1% of the float. Since September 2025, short interest has increased by 243.3%.
Days to Cover History
Days to cover for Stardust Power (SDST) currently stands at 1.0 days. The ratio is the reported short interest divided by the average daily trading volume. Across the settlements charted above, it has ranged from 1.0 to 10.0 days.
SDST Company Profile & Sector Positioning
Stardust Power (SDST) operates in the Electrical Equipment & Parts industry within the broader Industrials sector and is listed on the NASDAQ.
Investors comparing SDST often look at related companies in the same sector, including Electrovaya Inc. (ELVA), Tecogen Inc. (TGEN), NOVONIX Limited (NVX), GrafTech International Ltd. (EAF), and T1 Energy Inc. (TE). Comparing financial metrics, valuation ratios, and stock performance across these peers can help investors evaluate SDST's relative position within its industry.