10 Big Names With Easy 10-30% Gains

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1. Redwire Corporation (NYSE:RDW)

Redwire soared by 29.56 percent on Tuesday to finish at $14.20 apiece following news that it clinched a new contract from the Missile Defense Agency (MDA) under its $151 billion defense program called Scalable Homeland Innovative Enterprise Layered Defense, or SHIELD.

The SHIELD supports President Donald Trump’s Golden Dome program, initially known as the Iron Dome of America, which aims to combine a range of capabilities to create a “system of systems” to protect the United States from “aerial attacks from any foe.”

Redwire Corporation (NYSE:RDW) did not divulge details of the size and the potential revenue from the contract, but said that it encompasses a broad range of work areas that allow for the rapid delivery of innovative capabilities to the warfighter with increased speed and agility.

“Redwire’s proven space and defense technologies, including unmanned aerial systems, advanced sensors, maneuverable spacecraft platforms, and agent-based modeling and simulation, position us to deliver resilient, multi-domain solutions for national security missions,” said Redwire Corporation (NYSE:RDW) Chairman and CEO Peter Cannito.

“We are excited to continue advancing capabilities that help protect the homeland and support mission partners across the Department of War,” he added.

Apart from Redwire Corporation (NYSE:RDW), several listed companies also bagged awards, including Firefly Aerospace, General Atomics, Honeywell, IonQ Inc., and Kratos Defense, among others.

While we acknowledge the potential of RDW to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than RDW and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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