WOLF - Wolfspeed: Anything But Speed Of Progress

2024-05-02 15:01:29 ET

Summary

• Wolfspeed, Inc.'s shares have fallen to new lows as anticipated improvements in reported results and near-term outlook have not materialized.
• The company's transition to become a silicon carbide supplier has resulted in significant losses and high capital spending needs.
• Despite promises of supplying the EV market and design wins, the company's financial performance remains poor, with operating losses and slow revenue growth.

Shares of Wolfspeed, Inc. ( WOLF ) have fallen to fresh lows as the anticipated improvements remain invisible in the reported results, or the near term outlook for that matter....

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