Redwire Secures $80M Deal, Shares Surge

Redwires shares surged nearly twelve percent following an eight-figure deal with The Exploration Company for advanced docking systems, crucial for space exploration. Keybanc initiated coverage with a Sector Weight rating, but Cantor Fitzgerald cut its price target from twenty to nine dollars, reflecting a more conservative outlook. Despite positive news, Redwires stock is down over fifty-four percent this year, trading at under eight dollars per share.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.