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The silicon carbide semiconductor specialist's relentless rebound continues. Shares of Wolfspeed (WOLF 19.86%) continued their remarkable recovery on Wednesday, soaring by as much as 19.5%. As of 12:35 p.m. ET, the stock was still up 17.8%. The catalyst that sent the semiconductor specialist higher was a vote of confidence from a Wall Street analyst. A rapid ascent Morgan Stanley's Joseph Moore raised his price target on Wolfspeed to $15 from $10, though he maintained an equal weight (hold) rating on the sh ...

Key Takeaways Wolfspeed said it could get up to $2.5 billion from government and investor money infusion. The semiconductor maker received a proposed $750 million from the CHIPS Act, and could also realize $1.0 billion in tax breaks. An investor group led by Apollo is also injecting $750 million in Wolfspeed. Shares of Wolfspeed (WOLF) soared nearly 25% Tuesday when the maker of high-speed semiconductors reported it could receive as much as $2.5 billion in funding under the CHIPS and Science Act of 2022, an ...

With the semiconductor space ranking among the most rewarding segments of the stock market in recent months, Wolfspeed (NYSE: WOLF) is emerging as a real 'hidden gem' in the sector. Indeed, WOLF ended the latest trading session valued at $11.38, with minimal losses of 0.87% for the day. However, the equity has generally been bullish in recent weeks, surging by over 38% in the past month. This bullish outlook is replicated before the October 15 trading session, where WOLF's share price is up over 32% in pre- ...

Wolfspeed (WOLF) shares ended the last trading session 20.8% higher at $11.48. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 18% gain over the past four weeks. Wolfspeed is benefiting from its transformation into a pure-play silicon carbide provider through portfolio optimization initiatives that concluded with the sale of its RF business. This maker of energy-efficient lighting is expected to post quarterly loss ...

The beaten-down silicon carbide stock rallied as a sell-side analyst became upbeat on customer wins. Shares of beleaguered chipmaker Wolfspeed (WOLF 20.84%) rocketed 20% higher on Friday as of 3:54 p.m. EDT. Wolfspeed, which had seen its stock crash 93% off its 2021 highs, was perhaps due for a bounce on any good news. And some good news came today on the back of positive sell-side analyst commentary and hopes for new customer wins. Roth/MKM thinks Wolfspeed is landing new customers In a note today, sell-si ...

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Shares of the EV chipmaker fell amid market turmoil and a Wall Street downgrade. Shares of silicon carbide producer Wolfspeed (WOLF -7.16%) fell hard this week, down 16.7% through 3:13 p.m. EDT Thursday, according to data from S&P Global Market Intelligence. Wolfspeed has had a tough year, down 80.3% in 2024. So, this week's slide was pretty much a continuation of the negative trends affecting it all year. On top of that, a Wall Street analyst downgraded shares Thursday, adding insult to injury. Mizuho grow ...

It has been about a month since the last earnings report for Wolfspeed (WOLF) . Shares have lost about 31.3% in that time frame, underperforming the S&P 500. Will the recent negative trend continue leading up to its next earnings release, or is Wolfspeed due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Wolfspeed Reports Loss in Q4 Earnings, Revenues ...

Wolfspeed (WOLF) shares have underperformed the Zacks Computer & Technology sector and its Zacks Semiconductor - Discretes industry peers Tokyo Electron (TOELY) and Vishay Intertechnology (VSH) on a year-to-date (YTD) basis. While WOLF's shares have plunged 81.3%, the same for Tokyo Electron and Vishay Intertechnology have declined 7.7% and 24.9%, respectively. The broader sector has appreciated 14.5% over the same timeframe. The underperformance can be attributed to the increasing competitive pressure, per ...