Mizuho downgraded Wolfspeed from Neutral to Underperform and set a new price target of $8.00 from $17.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/9/2025 | Neutral → Underweight | Analyst | |
| 10/3/2024 | $17.00 → $8.00 | Neutral → Underperform | Mizuho |
| 8/22/2024 | $48.00 → $28.00 | Buy | Goldman |
| 8/22/2024 | $25.00 → $15.00 | Hold | TD Cowen |
| 8/7/2024 | $18.00 | Buy → Neutral | New Street |
| 5/2/2024 | $40.00 → $25.00 | Buy → Hold | TD Cowen |
| 5/2/2024 | Outperform → Mkt Perform | William Blair | |
| 4/5/2024 | $30.00 | Neutral | Mizuho |
New Board Appointments Have Strong Track Record of Operational Performance and High-Tech Expertise Wolfspeed, Inc. (NYSE: WOLF), a global leader in silicon carbide technologies, today announced that in connection with its emergence from the Chapter 11 process, it has appointed Anthony M. Abate, Mike Bokan, Eric Musser, Hong Q. Hou, and, pending certain regulatory approvals, Aris Bolisay, to its Board of Directors (the "Board"). Anthony M. Abate will succeed Tom Werner as Chairman of the Board. The new Board members will join current Board members, Mark Jensen and Paul Walsh, who will continue in their roles as directors. "We are pleased to welcome these new members to our Board. They br
Enters a New Era with New Energy and Renewed Commitment to Innovation and Research and Development Growth Plan to Leverage Installed 200mm Capacity, which Will Be Self-Funded Through Free Cash Flow Generation Wolfspeed, Inc. (NYSE: WOLF), a global leader in silicon carbide technologies, today announced the successful completion of its financial restructuring process and emergence from Chapter 11 protection. Through the restructuring process, Wolfspeed has reduced its total debt by approximately 70%, with maturities extended to 2030, and lowered its annual cash interest expense by roughly 60%. In addition, the Company believes that it maintains ample liquidity to continue supplying cus
Wolfspeed, Inc. (NYSE:WOLF), a global leader in silicon carbide (SiC) technology, today announced the commercial launch of its 200mm SiC materials products, marking a significant milestone in the company's mission to accelerate the industry's transition from silicon to silicon carbide. After initially offering 200mm SiC to select customers, the positive response and benefits warranted a commercial release to the market. Wolfspeed is also offering 200mm SiC epitaxy for immediate qualification, which, when paired with the company's 200mm bare wafers, delivers breakthrough scalability and improved quality, enabling the next generation of high-performance power devices. "Wolfspeed's 200mm SiC
8-K - WOLFSPEED, INC. (0000895419) (Filer)
8-K - WOLFSPEED, INC. (0000895419) (Filer)
SEC STAFF ACTION - WOLFSPEED, INC. (0000895419) (Filer)
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4 - WOLFSPEED, INC. (0000895419) (Issuer)
4 - WOLFSPEED, INC. (0000895419) (Issuer)
Analyst downgraded Wolfspeed from Neutral to Underweight
Mizuho downgraded Wolfspeed from Neutral to Underperform and set a new price target of $8.00 from $17.00 previously
Goldman reiterated coverage of Wolfspeed with a rating of Buy and set a new price target of $28.00 from $48.00 previously
4 - WOLFSPEED, INC. (0000895419) (Issuer)
3 - WOLFSPEED, INC. (0000895419) (Issuer)
4 - WOLFSPEED, INC. (0000895419) (Issuer)
New Board Appointments Have Strong Track Record of Operational Performance and High-Tech Expertise Wolfspeed, Inc. (NYSE: WOLF), a global leader in silicon carbide technologies, today announced that in connection with its emergence from the Chapter 11 process, it has appointed Anthony M. Abate, Mike Bokan, Eric Musser, Hong Q. Hou, and, pending certain regulatory approvals, Aris Bolisay, to its Board of Directors (the "Board"). Anthony M. Abate will succeed Tom Werner as Chairman of the Board. The new Board members will join current Board members, Mark Jensen and Paul Walsh, who will continue in their roles as directors. "We are pleased to welcome these new members to our Board. They br
Former onsemi leader brings a wealth of experience in the rapidly expanding electric vehicle market Appointment marks another milestone in Wolfspeed's leadership transformation and expansion in key markets Wolfspeed, Inc. (NYSE:WOLF) today announced the appointment of Bret Zahn as Vice President and General Manager of their Automotive business as the company continues to enhance its leadership team amid its strategic expansion in high-growth markets. This appointment reflects Wolfspeed's continued commitment to enabling the next generation of electric vehicles (EVs) through cutting-edge silicon carbide (SiC) solutions. Zahn will report to Chief Business Officer Cengiz Balkas, and will b
Former NXP Semiconductors and ams-OSRAM Leader Has Over 20 Years of Experience Navigating Dynamic Business Cycles Appointment Bolsters Wolfspeed's Leadership as It Drives Toward Profitability and Expands in High-Growth Markets Wolfspeed, Inc. (NYSE:WOLF) ("Wolfspeed" or the "Company") today announced the appointment of Gregor van Issum as Chief Financial Officer (CFO), effective September 1, 2025, following a comprehensive review of internal and external candidates. Van Issum succeeds Kevin Speirits, who is serving as Interim Chief Financial Officer and will remain with Wolfspeed to support the Company and ensure a smooth transition. He will be relocating to North Carolina and be based
Wolfspeed, Inc. (NYSE:WOLF) today announced its results for the fourth quarter of fiscal 2025 and the full fiscal year. Quarterly Financial Highlights (Continuing operations only. All comparisons are to the fourth quarter of fiscal 2024.) Consolidated revenue of approximately $197 million, compared to $201 million Mohawk Valley Fab contributed $94.1 million in revenue, compared to $41 million GAAP gross margin of (13)%, compared to 1% Non-GAAP gross margin of (1)%, compared to 5% GAAP and non-GAAP gross margin includes the impacts of underutilization costs primarily in connection with the start of production at the Mohawk Valley Fab. Underutilization was $23.6 million as c
Renesas Electronics Corporation (TSE: 6723, "Renesas"), a premier supplier of advanced semiconductor solutions, today announced the finalized amount of the loss, previously disclosed as an estimate in the announcement titled "Renesas Announces Expected Loss Resulting from Signing Restructuring Support Agreement with Wolfspeed" on June 23, 2025. 1. Recording of Loss Renesas previously announced that there was a possibility of recording a loss of approximately 250 billion yen (converted at an average exchange rate of 150 yen to the dollar during the period) on the deposited receivables related to a deposit provided to Wolfspeed, Inc. (NYSE:WOLF, "Wolfspeed")) in its consolidated financial
Wolfspeed, Inc. (NYSE:WOLF) today announced its results for the third quarter of fiscal 2025. Quarterly Financial Highlights (Continuing operations only. All comparisons are to the third quarter of fiscal 2024.) Consolidated revenue of $185 million, as compared to $201 million Mohawk Valley Fab contributed $78 million in revenue, as compared to $28 million GAAP gross margin of (12)%, compared to 11% Non-GAAP gross margin of 2%, compared to 15% GAAP and non-GAAP gross margin includes the impacts of underutilization costs primarily in connection with the start of production at the Mohawk Valley Fab. Underutilization was $26.3 million as compared to $30.4 million. GAAP loss pe
SC 13G/A - WOLFSPEED, INC. (0000895419) (Subject)
SC 13G/A - WOLFSPEED, INC. (0000895419) (Subject)
SC 13G - WOLFSPEED, INC. (0000895419) (Subject)