Firefly Aerospace Stock (NASDAQ: FLY) News Today — Dec. 20, 2025: Why Shares Jumped, Analyst Forecasts, SEC Filings, and the Lawsuit Clock
Firefly Aerospace shares jumped 22.82% on Dec. 19 to $24.65 after new analyst coverage from KeyBanc, following an 8.31% gain the previous day. The stock remains about 45% below its August IPO price of $45, despite volatile swings. KeyBanc cited early progress but flagged ongoing risks and a long path to profitability. Firefly raised $868 million in its IPO.