- Cree’s losses got bigger and forecasts expect more of them, but the company is not as bad off upon closer review.
- The stock has benefited in spite of the bad numbers from a favorable environment, but some of the tailwinds are likely to lose strength.
- Cree is betting on the Wolfspeed unit becoming a winner in tomorrow’s world, but it could also suffer the same fate that befell the LED unit.
- Cree is ahead in the race to bring SiC to EVs, but being ahead does not mean someone else cannot come from behind and overtake it.
For further details see:
Why Cree Is Not As Bad Off As Headline Numbers Suggest