#6 - Redwire (NYSE:RDW)
If you're intrigued by the prospects of the space economy, Redwire Corp. (NYSE: RDW) may be worth the speculative risk. The company provides critical infrastructure and space solutions for the global space industry. This includes government and defense contractors as well as civilian space agencies.
Redwire also does business with commercial companies such as Eli Lilly & Co. (NYSE: LLY). In March 2024, the company announced it was partnering with Lilly on a second spaceflight mission that will allow the biopharma giant to conduct an experiment in an effort to speed up the discovery of novel medicines against chronic diseases.
Redwire has an expansive portfolio, but it isn't directly involved with launching rockets, which could be a benefit as that can be a tricky and capital-intensive business.
The company is growing revenue at an impressive pace, but it's still not profitable. However, a solid backlog of projects combined with increased free cash flow (FCF) should mean it's just a matter of time before the company begins to report positive earnings.
About Redwire
Redwire Corporation provides critical space solutions and space infrastructure for government and commercial customers in the United States, Europe, and internationally. The company provides avionics and sensors including star trackers, sun sensors, critical for navigation, and control of spacecraft; camera systems; solar array solutions for spacecraft spanning the spectrum of size, power needs, and orbital location; and strain composite booms, coilable booms, truss structures, telescope baffles, and deployable booms to position sensors or solar arrays away from the spacecraft.
Read More - Current Price
- $13.17
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 4 Buy Ratings, 1 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $8.55 (35.1% Downside)
