Stardust Power Reports Q1 Loss Exceeding Expectations
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 14 2026
0mins
Source: seekingalpha
- Earnings Report Loss: Stardust Power's Q1 GAAP EPS of -$0.53 misses expectations by $0.14, indicating significant challenges in profitability that could undermine investor confidence.
- Liquidity Decline: As of March 31, 2026, the company's cash and cash equivalents stood at approximately $1.2 million, down from $3.5 million as of December 31, 2025, highlighting increased pressure on financial management and operational expenditures.
- Widening Net Loss: The company reported a net loss of $5.2 million for Q1 2026, compared to $3.8 million in the same period of 2025, reflecting difficulties in cost control and revenue growth that may impact future financing capabilities.
- Capital Deployment Strategy: Despite the losses, Stardust Power continues to allocate capital towards engineering and site readiness, demonstrating a strong commitment to long-term growth and competitiveness in the market.
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Analyst Views on SDST
Wall Street analysts forecast SDST stock price to rise
2 Analyst Rating
1 Buy
1 Hold
0 Sell
Moderate Buy
Current: 2.390
Low
9.00
Averages
9.00
High
9.00
Current: 2.390
Low
9.00
Averages
9.00
High
9.00
About SDST
Stardust Power Inc. is a developer of battery-grade lithium products. The Company is developing a strategically central lithium processing facility in Muskogee, Oklahoma with a capacity to produce up to 50,000 metric tons per annum of battery-grade lithium. The Company is in the process of creating capacity to manufacture battery-grade lithium products, primarily for the electric vehicle (EV) market, by developing a large-scale lithium refinery in the United States. It seeks to sell its products to electric vehicle manufacturers as the primary market, with applications in other areas, such as battery manufacturers, the United States military, and original equipment manufacturers. It sources supply from multiple sources, which include lithium brine assets, produced water from oil and gas producers, and technical or crude grade lithium. It uses sustainable sources of power, which are accessible in Oklahoma, including solar and wind power.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Stardust Power Reports Q1 Loss Exceeding Expectations
- Earnings Report Loss: Stardust Power's Q1 GAAP EPS of -$0.53 misses expectations by $0.14, indicating significant challenges in profitability that could undermine investor confidence.
- Liquidity Decline: As of March 31, 2026, the company's cash and cash equivalents stood at approximately $1.2 million, down from $3.5 million as of December 31, 2025, highlighting increased pressure on financial management and operational expenditures.
- Widening Net Loss: The company reported a net loss of $5.2 million for Q1 2026, compared to $3.8 million in the same period of 2025, reflecting difficulties in cost control and revenue growth that may impact future financing capabilities.
- Capital Deployment Strategy: Despite the losses, Stardust Power continues to allocate capital towards engineering and site readiness, demonstrating a strong commitment to long-term growth and competitiveness in the market.
See More
Stardust Power Secures $150 Million Financing for Lithium Refinery
- Financing Agreement Signed: On April 20, Stardust Power Inc. signed a non-binding Letter of Intent with an institutional investor to support up to $150 million in project-level financing for its lithium refinery in Muskogee, Oklahoma, laying the groundwork for due diligence and negotiation of definitive agreements.
- Flexible Financing Structure: The LOI allows the investment to be structured across equity, debt, or hybrid instruments, providing flexibility for the investor and enabling the introduction of other parties through syndication, thereby optimizing the capital stack.
- Project-Level Investment Advantage: Stardust structured the financing as a project-level investment rather than a corporate-level raise, which limits dilution for existing public shareholders while establishing a standalone market-based valuation for the refinery asset, enhancing investment appeal.
- Production Expectations: Once fully built, the Muskogee refinery is expected to produce up to 50,000 metric tons of battery-grade lithium carbonate annually, developed in two equal phases of approximately 25,000 metric tons each, with the project having cleared several key technical and regulatory hurdles to ensure feasibility and compliance.
See More
Stardust Power to Release Q1 2026 Financial Results
- Earnings Release Schedule: Stardust Power is set to announce its Q1 2026 financial results after market close on May 14, 2026, which is expected to provide critical insights into the company's financial health and could influence investor confidence.
- Executive Conference Call: Founder and CEO Roshan Pujari, along with CFO Uday Devasper, will host a conference call at 5:30 PM ET on the same day to discuss the financial results and answer investor questions, enhancing transparency and communication.
- Lithium Refinery Construction Plans: The company plans to build a lithium refinery in Muskogee, Oklahoma, with an annual production capacity of up to 50,000 metric tons of battery-grade lithium carbonate, aimed at bolstering U.S. energy security and promoting sustainability.
- Market Positioning and Strategic Importance: As a developer of battery-grade lithium carbonate, Stardust Power's strategic initiatives not only aim to meet the growing demand in the electric vehicle market but also enhance the U.S.'s competitiveness in the global lithium supply chain.
See More
Stardust Power Signs LOI for $150M Investment in Lithium Refinery
- LOI Signing: Stardust Power has signed a Letter of Intent with a single institutional investor to secure up to $150 million in project-level financing for its lithium refinery in Muskogee, Oklahoma, indicating growing institutional interest in U.S. lithium refining infrastructure.
- Capital Structure Optimization: The investment will be structured at the project level, aimed at reducing dilution for public shareholders while supporting the establishment of a transparent, market-driven valuation, thereby enhancing the company's competitiveness in the lithium battery materials supply chain.
- Accelerated Project Progress: The lithium refinery is designed to produce up to 50,000 metric tons annually and has completed a FEL-3 engineering study along with securing key permits, with construction expected to commence swiftly upon financing, further advancing U.S. energy security.
- Strategic Implications: CEO Roshan Pujari noted that the signing of this LOI marks a key milestone in the project's capital stack, reflecting institutional investors' recognition of the project's viability and signaling significant growth potential in the lithium battery market.
See More
STARDUST POWER INC - ANTICIPATED INVESTMENT AS WE PERSIST IN SECURING FUNDING FROM ADDITIONAL INVESTORS
- Investment Expectations: Star Dust Power Inc. is anticipated to secure additional funding from other investors.
- Funding Continuation: The company is focused on continuing to secure necessary funding to support its operations.
See More
STARDUST POWER OBTAINS INSTITUTIONAL INVESTMENT FRAMEWORK TO SUPPORT UP TO $150 MILLION IN FUNDING
Investment Framework: The article discusses a new institutional investment framework designed to support significant financial commitments.
Funding Amount: It highlights that this framework can facilitate investments of up to $150 million.
See More
Stardust Power Reports Q1 Loss Exceeding Expectations
- Earnings Report Loss: Stardust Power's Q1 GAAP EPS of -$0.53 misses expectations by $0.14, indicating significant challenges in profitability that could undermine investor confidence.
- Liquidity Decline: As of March 31, 2026, the company's cash and cash equivalents stood at approximately $1.2 million, down from $3.5 million as of December 31, 2025, highlighting increased pressure on financial management and operational expenditures.
- Widening Net Loss: The company reported a net loss of $5.2 million for Q1 2026, compared to $3.8 million in the same period of 2025, reflecting difficulties in cost control and revenue growth that may impact future financing capabilities.
- Capital Deployment Strategy: Despite the losses, Stardust Power continues to allocate capital towards engineering and site readiness, demonstrating a strong commitment to long-term growth and competitiveness in the market.
See More
Stardust Power Secures $150 Million Financing for Lithium Refinery
- Financing Agreement Signed: On April 20, Stardust Power Inc. signed a non-binding Letter of Intent with an institutional investor to support up to $150 million in project-level financing for its lithium refinery in Muskogee, Oklahoma, laying the groundwork for due diligence and negotiation of definitive agreements.
- Flexible Financing Structure: The LOI allows the investment to be structured across equity, debt, or hybrid instruments, providing flexibility for the investor and enabling the introduction of other parties through syndication, thereby optimizing the capital stack.
- Project-Level Investment Advantage: Stardust structured the financing as a project-level investment rather than a corporate-level raise, which limits dilution for existing public shareholders while establishing a standalone market-based valuation for the refinery asset, enhancing investment appeal.
- Production Expectations: Once fully built, the Muskogee refinery is expected to produce up to 50,000 metric tons of battery-grade lithium carbonate annually, developed in two equal phases of approximately 25,000 metric tons each, with the project having cleared several key technical and regulatory hurdles to ensure feasibility and compliance.
See More
Stardust Power to Release Q1 2026 Financial Results
- Earnings Release Schedule: Stardust Power is set to announce its Q1 2026 financial results after market close on May 14, 2026, which is expected to provide critical insights into the company's financial health and could influence investor confidence.
- Executive Conference Call: Founder and CEO Roshan Pujari, along with CFO Uday Devasper, will host a conference call at 5:30 PM ET on the same day to discuss the financial results and answer investor questions, enhancing transparency and communication.
- Lithium Refinery Construction Plans: The company plans to build a lithium refinery in Muskogee, Oklahoma, with an annual production capacity of up to 50,000 metric tons of battery-grade lithium carbonate, aimed at bolstering U.S. energy security and promoting sustainability.
- Market Positioning and Strategic Importance: As a developer of battery-grade lithium carbonate, Stardust Power's strategic initiatives not only aim to meet the growing demand in the electric vehicle market but also enhance the U.S.'s competitiveness in the global lithium supply chain.
See More
Stardust Power Signs LOI for $150M Investment in Lithium Refinery
- LOI Signing: Stardust Power has signed a Letter of Intent with a single institutional investor to secure up to $150 million in project-level financing for its lithium refinery in Muskogee, Oklahoma, indicating growing institutional interest in U.S. lithium refining infrastructure.
- Capital Structure Optimization: The investment will be structured at the project level, aimed at reducing dilution for public shareholders while supporting the establishment of a transparent, market-driven valuation, thereby enhancing the company's competitiveness in the lithium battery materials supply chain.
- Accelerated Project Progress: The lithium refinery is designed to produce up to 50,000 metric tons annually and has completed a FEL-3 engineering study along with securing key permits, with construction expected to commence swiftly upon financing, further advancing U.S. energy security.
- Strategic Implications: CEO Roshan Pujari noted that the signing of this LOI marks a key milestone in the project's capital stack, reflecting institutional investors' recognition of the project's viability and signaling significant growth potential in the lithium battery market.
See More
STARDUST POWER INC - ANTICIPATED INVESTMENT AS WE PERSIST IN SECURING FUNDING FROM ADDITIONAL INVESTORS
- Investment Expectations: Star Dust Power Inc. is anticipated to secure additional funding from other investors.
- Funding Continuation: The company is focused on continuing to secure necessary funding to support its operations.
See More
STARDUST POWER OBTAINS INSTITUTIONAL INVESTMENT FRAMEWORK TO SUPPORT UP TO $150 MILLION IN FUNDING
Investment Framework: The article discusses a new institutional investment framework designed to support significant financial commitments.
Funding Amount: It highlights that this framework can facilitate investments of up to $150 million.
See More
