Wolfspeed Emerges from Chapter 11 with New Leadership

Wolfspeed ( (WOLF) ) has shared an update.

Wolfspeed has successfully completed its financial restructuring process, emerging from Chapter 11 protection with a significantly reduced debt and extended maturities to 2030. The company has lowered its annual cash interest expense by 60% and maintains ample liquidity to support its operations. With a self-funded business plan and a focus on leveraging its 200mm manufacturing capacity, Wolfspeed is well-positioned to capture growing demand in markets like AI, EVs, and industrial energy. The restructuring process has also led to the appointment of new directors, signaling a new era for the company with improved financial stability and a commitment to innovation.

The most recent analyst rating on (WOLF) stock is a Hold with a $2.00 price target. To see the full list of analyst forecasts on Wolfspeed stock, see the WOLF Stock Forecast page.

Spark’s Take on WOLF Stock

According to Spark, TipRanks’ AI Analyst, WOLF is a Neutral.

Wolfspeed’s overall stock score is heavily impacted by its poor financial performance, characterized by declining revenues and significant cash flow issues. Technical analysis provides mixed signals, with high volatility and overbought conditions. The valuation is unattractive due to negative earnings and lack of dividends.

To see Spark’s full report on WOLF stock, click here.

More about Wolfspeed

Wolfspeed, Inc. is a leading company in the silicon carbide technology industry, providing advanced semiconductor solutions. Their products include silicon carbide materials, power modules, discrete power devices, and power die products, which are used in various applications to drive innovation and development in sectors such as electric vehicles and industrial energy.

Average Trading Volume: 57,626,362

Technical Sentiment Signal: Strong Sell

Current Market Cap: $3.46B

For an in-depth examination of WOLF stock, go to TipRanks’ Overview page.