Roth MKM analyst Craig Irwin keeps a Buy rating and $20 price target on Wolfspeed (WOLF) after hosting meetings with its management team. The firm notes that the downpayments required for 200mm SiC wafer offtakes could be 5-times the deposits for 150mm offtakes, and Roth MKM expects the device demand inflection after the Trump inauguration to catalyze commitments, the analyst tells investors in a research note. The firm adds that it remains positive on Wolfspeed as a “strategically important” U.S. leader in SiC semiconductor materials.
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