Wolfspeed: More Concerning By The Day

JadeThaiCatwalk Back in May, I believed that Wolfspeed, Inc. (WOLF) was showing anything, but progress. Shares fell to fresh lows as anticipated improvements in the results did not materialize, nor come through in the outlook. The transition to become a silicon carbide supplier has gone hand in hand with huge losses and capital spending needs. Despite promising EV developments and touted designed wins, the cold hard financial numbers tell an entirely different situation, as the company is quickly running ou ...