Should You Buy Redwire While It's Below $13?

Redwire stock has plunged 58% from its $26 peak earlier in 2026 to below $13. While the space and defense company benefits from strong demand with a $542 million backlog growing for five consecutive quarters and critical contracts with NASA and the Department of Defense, it faces headwinds including projected net losses, expansion costs, and shareholder dilution from a $500 million equity offering program.