Wolfspeed Stock News

DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed, Inc. (NYSE: WOLF), the global leader in silicon carbide technology, today unveiled a silicon carbide module designed to transform the renewable energy, energy storage, and high-capacity fast-charging sectors through improved efficiency, durability, reliability, and scalability. The 2300V baseplate-less silicon carbide power modules for 1500V DC Bus appl...

NEW YORK , Sept. 6, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, September 23, to coincide with the quarterly rebalance.

DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed, Inc. (NYSE: WOLF), the global leader in silicon carbide technology, today announced that Gregg Lowe, CEO, and Neill Reynolds, CFO, will be participating in a fireside chat at Citi's 2024 Global TMT Conference at 3:50pm ET on September 4, 2024. A live webcast of the presentation will be available on the Investor Relations section of Wolfspeed's website. ...

Wolfspeed, Inc.'s transition to a silicon carbide supplier has led to significant losses and high capital spending, with financial results not meeting expectations, causing a financial overhang. Net debt has surged to $4 billion, and shares have plummeted to $10, reflecting the company's dire financial situation and slow progress. The lack of growth and heavy debt load make Wolfspeed a high-ris...

Wolfspeed is struggling with declining revenues and high expenses, but the power solutions company has a massive potential order book. The company added $2 billion worth of design-ins and $500 million in actual design-wins mostly tied to future EVs. The stock now trades at close to 1x adjusted EBITDA targets for only a few years out.

Wolfspeed (NYSE: WOLF ) just reported results for the fourth quarter of 2024. Wolfspeed reported earnings per share of -89 cents.

Wolfspeed, Inc. (NYSE:WOLF ) Q4 2024 Earnings Conference Call August 21, 2024 5:00 PM ET Company Participants Tyler Gronbach - VP, External Affairs Gregg Lowe - President & CEO Neill Reynolds - CFO Conference Call Participants Brian Lee - Goldman Sachs Harsh Kumar - Piper Sandler Joseph Cardoso - JPMorgan Colin Rusch - Oppenheimer Jed Dorsheimer - William Blair Joshua Buchalter - TD Cowen Josep...

Wolfspeed forecast first-quarter revenue below estimates on Wednesday, anticipating manufacturing issues that could affect its production capacity amid slowing EV sales.