Shares of Wolfspeed (WOLF -9.56%) are on the move this week, up 5.6% as of market close on Thursday, though they gained as much as 25.8% earlier in the week. The jump comes as the S&P 500 and Nasdaq-100 gained 0.7% and 1.5%, respectively.
Can Wolfspeed (WOLF 1.84%) get back from the edge of a financial cliff, or is this company a lost cause and its stock a falling knife? Let's see what Wolfspeed might do over the next year.
Shares of Wolfspeed (WOLF 9.92%) are jumping on Tuesday, up 5.8% as of 3:06 p.m. ET. The spike comes as the S&P 500 (^GSPC -0.07%) and Nasdaq Composite (^IXIC -0.30%) lost 0.4% and 0.6%, respectively.
Shares of Wolfspeed (WOLF 26.61%) soared Monday, finishing the day up 27%. The rise comes as the S&P 500 and Nasdaq Composite gained 0.4% and 0.9%, respectively.
Shares of Wolfspeed (WOLF 24.20%) skyrocketed this week, finishing up 86.4%. The rise comes as the S&P 500 and Nasdaq-100 gained 1.6% and 1.9%, respectively.
Wolfspeed's Chapter 11 restructuring approval slashes debt by 70% and interest by 60%, significantly de-risking the balance sheet and buying time for recovery. The bullish thesis hinges on secular SiC adoption in EVs and renewables, with Mohawk Valley fab ramp-up as the key operational catalyst. Despite ongoing losses and heavy capex, the successful scaling of Mohawk Valley could unlock major m...
DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed, Inc. (NYSE: WOLF), a global leader in silicon carbide (SiC) technology, today announced the commercial launch of its 200mm SiC materials products, marking a significant milestone in the company's mission to accelerate the industry's transition from silicon to silicon carbide. After initially offering 200mm SiC to select customers, the positive response ...
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