WOLF - Wolfspeed: Not So Bad

2024-05-03 12:56:46 ET

Summary

• Wolfspeed, Inc. sales have been disappointing, but the company remains bullish on future business prospects due to EV growth.
• The company has secured design-ins worth over $25 billion, providing strong revenue visibility for the next few years.
• The stock is cheap, trading at just 1x future sales forecasts.

For investors wanting current results, Wolfspeed, Inc. ( WOLF ) isn't the stock to own. For an investor wanting to invest in the future, the silicon carbide technology company offers an intriguing investment at the lows here. My investment thesis remains ultra-Bullish on Wolfspeed as future business continues lining up....

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