Latest news with #Redwire
Business Wire
11 hours ago
- Business
- Business Wire
Redwire Successfully Deploys the Most Powerful Roll-Out Solar Arrays Ever Built, Prepares for Major Delivery in Fourth Quarter
JACKSONVILLE, Fla.--(BUSINESS WIRE)--Redwire Corporation (NYSE: RDW), a global leader in aerospace and defense technology solutions, today announced that it has successfully completed the first deployment test for one of its Roll-Out Solar Arrays (ROSA) for the lunar Gateway's Power and Propulsion Element (PPE). Powered by PPE and Redwire's trailblazing ROSAs, the Gateway will represent the pinnacle of solar electric propulsion technology, a key capability not just for future exploration missions to the Moon and Mars, but for national security platforms as well. The Gateway ROSAs will generate an unprecedented 60kW - making these the most powerful ROSAs ever built. With this robust supply of power, Gateway will offer extensive capabilities for sustained exploration and research in deep space, potentially enabling ambitious activities such as resource extraction and utilization, while also providing peaceful space domain awareness and enhancing astronaut safety. Redwire was contracted by Maxar, the prime contractor for PPE, to develop two ROSA wings. The pair of PPE ROSAs will undergo additional testing in the coming months as Redwire prepares to deliver the ROSA wings to Maxar in the fourth quarter of 2025. 'Redwire is proud to be contributing critical infrastructure for PPE and the Gateway mission, and we are grateful for the trust of our customer Maxar and the dedicated teams that are delivering this important hardware. These ROSAs represent a significant technology achievement that will propel human spaceflight into a bold future,' said Adam Biskner, Redwire President of Space Systems. Redwire hosted a number of Gateway's industry and international partners to witness the unveiling of the most powerful ROSAs. Leaders from Maxar, Northrop Grumman, the European Space Agency, the Consulate General of Canada, the Japan Aerospace Exploration Agency, and the United Arab Emirates' Mohammed Bin Rashid Space Centre (MBRSC), participated in the event and voiced uniform and unwavering support for the importance of the Gateway to deep space exploration of the Moon and Mars. To watch a replay of the remarks, visit 'The unprecedented global coalition supporting Gateway is providing more than 60% of its funding, creating a massive savings for the American taxpayer. Moreover, gaining experience with a large spacecraft supporting surface operations will create invaluable experience to ensure that a future mission to Mars is safe and successful. Gateway will ensure that we do not cede the benefits of our international partnerships on Earth, or exploration leadership on the Moon and Mars to China.' added Mike Gold, Redwire President of Civil and International Space. About Redwire Redwire Corporation (NYSE:RDW) is an integrated aerospace and defense company focused on advanced technologies. We are building the future of aerospace infrastructure, autonomous systems and multi-domain operations leveraging digital engineering and AI automation. Redwire's approximately 1,300 employees located throughout the United States and Europe are committed to delivering innovative space and airborne platforms transforming the future of multi-domain operations. For more information, please visit
Yahoo
4 days ago
- Business
- Yahoo
H.C. Wainwright Reiterated a Buy Rating on Redwire Corporation (RDW), Kept the PT Unchanged
Redwire Corporation (NYSE:RDW) is one of the . On June 24, Analyst Scott Buck from H.C. Wainwright reiterated a Buy rating on Redwire Corporation (NYSE:RDW) with a $26.00 price target. The bullish sentiment is based on the acquisition of Edge Autonomy made by the company. On June 13, Redwire Corporation (NYSE:RDW) announced the acquisition of Edge Autonomy, a leading provider of uncrewed airborne system technology. This strategic transaction transforms the company into an aerospace and defense technology company focused on integrated autonomous operations for defense and national security. Moreover, the acquisition also expands the company's global manufacturing and innovation footprint, adding over 1,300 skilled employees and more than 628,000 square feet of manufacturing facilities across the US and Europe. A close-up of an antenna, its intricate designs a testament to the company's expertise in space infrastructure. Analyst Scott Buck believes the acquisition will immediately boost Redwire Corporation's (NYSE:RDW) revenue, EBITDA, and free cash flow. Moreover, the analyst expects the integration to be swift, enabling the company to capitalize on immediate opportunities, particularly in Europe, where defense budgets are projected to increase. While we acknowledge the potential of RDW as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. Sign in to access your portfolio
Yahoo
24-06-2025
- Business
- Yahoo
Redwire, Upstart, Zevia, Domo, and Sweetgreen Shares Skyrocket, What You Need To Know
A number of stocks jumped in the afternoon session after the major indices rebounded (Nasdaq +1.4%, S&P 500 +1.0%) on hopes the reported ceasefire between Israel and Iran will hold. This de-escalation in a volatile region helped to ease concerns about potential disruptions to global oil supplies, leading to a notable dip in crude oil prices. Additionally, dovish signals from Federal Reserve Chair Jerome Powell in his Congressional testimony, reaffirming a "wait-and-see" approach on interest rates, further calmed markets, improving investors' appetite for stocks and other risk assets. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Among others, the following stocks were impacted: Aerospace company Redwire (NYSE:RDW) jumped 8.7%. Is now the time to buy Redwire? Access our full analysis report here, it's free. Lending Software company Upstart (NASDAQ:UPST) jumped 8.4%. Is now the time to buy Upstart? Access our full analysis report here, it's free. Beverages, Alcohol, and Tobacco company Zevia (NYSE:ZVIA) jumped 8.6%. Is now the time to buy Zevia? Access our full analysis report here, it's free. Data Analytics company Domo (NASDAQ:DOMO) jumped 5.7%. Is now the time to buy Domo? Access our full analysis report here, it's free. Modern Fast Food company Sweetgreen (NYSE:SG) jumped 5.3%. Is now the time to buy Sweetgreen? Access our full analysis report here, it's free. Redwire's shares are extremely volatile and have had 92 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The previous big move we wrote about was 7 days ago when the stock dropped 17% on the news that the company priced a public offering for roughly 15.5 million shares of its common stock at a price of $16.75 per share. The gross proceeds from the offering were expected to be around $260 million. Notably, before the announcement, RDW had approx. 77million shares outstanding, which means the stock sale could significantly increase the supply. This could have a negative impact on its stock price as the increase in the supply of outstanding shares dilutes the ownership of existing shareholders. Redwire is down 2.8% since the beginning of the year, and at $16.58 per share, it is trading 35.4% below its 52-week high of $25.66 from February 2025. Investors who bought $1,000 worth of Redwire's shares at the IPO in January 2021 would now be looking at an investment worth $1,592. Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
24-06-2025
- Business
- Yahoo
Redwire Corp.(RDW) Drops 16.9% W/W on Profit-Taking
Redwire Corporation (NYSE:RDW) is one of the . Redwire fell by 16.9 percent week-on-week, from $19.08 on June 13 to $15.86 last Friday, as investors resorted to profit-taking while repositioning portfolios ahead of its presentation at the Jefferies Virtual Space Summit. On Friday, Redwire Corporation (NYSE:RDW) announced that its chairman and chief executive officer, Peter Cannito, will present at the Jefferies Virtual Space Summit on June 24, 2025, from 1:20-1:50 PM ET. Investors will be closely watching out for cues on Redwire Corporation's (NYSE:RDW) updated outlook and plans for the rest of the year. In other news, Redwire Corporation (NYSE:RDW) announced last week its successful acquisition of Edge Autonomy, a company providing unmanned aerial vehicle system technology, for $1.14 billion. A close-up of an antenna, its intricate designs a testament to the company's expertise in space infrastructure. Edge Autonomy is a leader in providing autonomous systems and resilient energy solutions to the US Department of Defense, US Federal Civilian Agencies, and allied governments around the world. While we acknowledge the potential of RDW as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
23-06-2025
- Business
- Yahoo
1 Small-Cap Stock with Solid Fundamentals and 2 to Avoid
Small-cap stocks can be incredibly lucrative investments because their lack of analyst coverage leads to frequent mispricings. However, these businesses (and their stock prices) often stay small because their subscale operations make it harder to expand their competitive moats. The downside that can come from buying these securities is precisely why we started StockStory - to isolate the long-term winners from the losers so you can invest with confidence. Keeping that in mind, here is one small-cap stock that could be the next big thing and two best left ignored. Market Cap: $2.26 billion Based in Jacksonville, Florida, Redwire (NYSE:RDW) is a provider of systems and components used in space infrastructure. Why Are We Wary of RDW? Issuance of new shares over the last four years caused its earnings per share to fall by 38.9% annually while its revenue grew Cash burn makes us question whether it can achieve sustainable long-term growth Short cash runway increases the probability of a capital raise that dilutes existing shareholders Redwire is trading at $16.09 per share, or 19.9x forward EV-to-EBITDA. Check out our free in-depth research report to learn more about why RDW doesn't pass our bar. Market Cap: $2.16 billion With roots dating back to 1944 and a significant acquisition of Kimball International in 2023, HNI (NYSE:HNI) manufactures and sells office furniture systems, seating, and storage solutions, as well as residential fireplaces and heating products. Why Does HNI Worry Us? Sales trends were unexciting over the last five years as its 2.7% annual growth was below the typical business services company Earnings per share lagged its peers over the last five years as they only grew by 2.3% annually 3.2 percentage point decline in its free cash flow margin over the last five years reflects the company's increased investments to defend its market position HNI's stock price of $46.40 implies a valuation ratio of 13.1x forward P/E. If you're considering HNI for your portfolio, see our FREE research report to learn more. Market Cap: $3.92 billion Founded in 1974, BrightSpring Health Services (NASDAQ:BTSG) offers home health care, hospice, neuro-rehabilitation, and pharmacy services. Why Is BTSG Interesting? Impressive 20.9% annual revenue growth over the last two years indicates it's winning market share this cycle Sales outlook for the upcoming 12 months implies the business will stay on its desirable two-year growth trajectory Annual earnings per share growth of 6.9% over the last three years modestly outpaced its peers At $22.48 per share, BrightSpring Health Services trades at 34.9x forward P/E. Is now the time to initiate a position? Find out in our full research report, it's free. Donald Trump's victory in the 2024 U.S. Presidential Election sent major indices to all-time highs, but stocks have retraced as investors debate the health of the economy and the potential impact of tariffs. While this leaves much uncertainty around 2025, a few companies are poised for long-term gains regardless of the political or macroeconomic climate, like our Top 9 Market-Beating Stocks. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Kadant (+351% five-year return). Find your next big winner with StockStory today for free. Find your next big winner with StockStory today. Find your next big winner with StockStory today Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
