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home / news releases / wolfspeed falls down rabbit hole after latest outloo

WOLF - Wolfspeed falls down rabbit hole after latest outlook receives downgrades

Wolfspeed Inc.

2024-05-02 10:29:40 ET

"EV slowdowns and an industrial correction weigh on the near-term ramp and sentiment, while scrapped investment in new facilities cap the long-term model," said T.D. Cowen analyst Joshua Buchalter, in a note. "Slower spending calms balance sheet concerns but also impairs the long-term story."...

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Wolfspeed falls down rabbit hole after latest outlook, receives downgrades
Stock Information
Company Name: Wolfspeed Inc.
Stock Symbol: WOLF
Market: NYSE
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