Stardust Power initiated with a Buy at Roth MKM

Roth MKM initiated coverage of Stardust Power (SDST) with a Buy rating and $13 price target The firm believes Stardust Power “has a relatively clear path to developing a key cog in the U.S. supply chain for lithium batteries.” The company provides a unique investment vehicle for investors who want exposure to the battery supply chain and direct lithium extraction, but prefers not to or cannot invest in mineral development companies, the analyst tells investors in a research note.