Redwire Corp. had a slow start after going public in 2021 but prospects for the Jacksonville-based space technology company are brightening, particularly with the election of Donald Trump as president.
Redwire’s stock jumped 75% from Election Day through the end of November, with investors hoping for big increases in revenue.
“Like other industries, space-related stocks have rallied since President Trump won the election,” Alliance Global Partners analyst Brian Kinstlinger said in a Nov. 25 research note.