Wolfspeed Stock News

Wolfspeed is well-positioned to capitalize on the EV boom, leveraging its 200mm silicon carbide ramp and strong Toyota partnership. With $1.5 billion in liquidity, including a $698.6 million IRS tax refund, WOLF can accelerate Mohawk Valley Fab production and support future growth. Despite recent revenue declines and deep net losses, WOLF is projected to rebound, with FY2026 revenue estimates a...

Both Wolfspeed and Plug Power have struggled with negative gross margins. Wolfspeed emerged from bankruptcy with a better balance sheet and the goal of fixing its manufacturing yield issues.

A $10,000 investment in Wolfspeed made at the end of November 2022 would be worth just $2,071 today. Cash burn remained a major issue even as Wolfspeed moved closer to breakeven earnings.

DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed Inc. (NYSE: WOLF), a global leader in innovative silicon carbide power solutions, today announced that its automotive MOSFETs will power onboard charger systems for Toyota, one of the most respected and quality-driven automakers in the world. Wolfspeed's silicon carbide components will be integrated into Toyota's Battery Electric Vehicles (BEV). This sil...

Wolfspeed has finally received nearly $700 million in tax refunds set aside for the company through the CHIPS Act. The new funding improves Wolfspeed's financial position and makes it more likely that additional governmental help could arrive at some point.

The IRS just cut Wolfspeed a check for $698.6 million. Wolfspeed expects to eventually reap $1 billion-worth of Advanced Manufacturing Investment Credits.

DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed, Inc. (NYSE: WOLF), a global leader in silicon carbide technology and production, today announced that it has received $698.6 million in cash tax refunds from the Internal Revenue Service (IRS) from the Advanced Manufacturing Investment Credit (AMIC) under Section 48D of the Internal Revenue Code. The refund represents a significant step in the monetizat...

Wolfspeed emerged from Chapter 11 bankruptcy this September. Its carrying less debt and better positioned to expand its 200mm fabs.