Redwire Corp. (RDW), a small-cap manufacturer and supplier of space equipment, saw its stock soar 5.83% intraday on Thursday, outperforming the broader market. This surge comes on the heels of the company's impressive 477.5% stock gain in 2024, driven by investor enthusiasm for its growing business opportunities.

According to a recent analyst report by Alliance Global Partners, Redwire Corp. is poised to benefit from a healthy flow of new business. The research firm raised its price target for the company to $16 from $10, citing its promising prospects. Redwire's strong performance has caught the attention of investors and analysts alike, positioning it as a key player in the thriving space industry.

The company's stock rally reflects the growing interest in space-related stocks, as the industry continues to expand and attract significant investments. With its innovative products and services, Redwire Corp. is well-positioned to capitalize on the increasing demand for space exploration and technology.