The announcement sent Redwire shares nearly 16% higher as investors welcomed a new commercial space agriculture milestone.The gain followed a sharp pullback earlier this week, when Redwire shares fell 15% after Jefferies downgraded the stock to Hold from Buy on valuation concerns, despite raising its price forecast to $24.Short Squeeze Likely Added FuelThursday’s move may have been amplified by short covering. Approximately 17.96% of Redwire’s public float was sold short, creating conditions for a potential short squeeze as bullish traders piled into the stock following the contract announcement.First Strawberries To Be Grown In SpaceThe mission will test Astrobiome Space’s microbial biostimulant while growing wild strawberries in orbit, marking the first cultivation of the fruit in space. Astrobiome Space expects the product to improve crop resilience and nutrient density.Redwire said its Greenhouse platform is designed to support long-duration space missions and advance commercial space agriculture. Astrobiome Space will begin Earth-based testing this month ahead of the ISS flight.“This contract with Astrobiome Space marks an exciting step forward in advancing critical technology for sustainable life-support systems beyond Earth,” said Marc Dielissen, Executive Vice-President of Redwire Europe.Analyst Consensus & Recent Actions: The stock carries a Buy rating with an average price forecast of $16.80. Recent analyst moves include:
Why Is Redwire Stock Soaring Thursday? - Redwire (NYSE:RDW)
Redwire (NYSE: RDW) stock jumps 16% after securing an ISS commercial greenhouse contract with Astrobiome Space. Get details here.







