Goldman reiterated coverage of Wolfspeed with a rating of Buy and set a new price target of $28.00 from $48.00 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 |
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
3 - WOLFSPEED, INC. (0000895419) (Issuer)
3 - WOLFSPEED, INC. (0000895419) (Issuer)
3 - WOLFSPEED, INC. (0000895419) (Issuer)
4 - WOLFSPEED, INC. (0000895419) (Issuer)
4 - WOLFSPEED, INC. (0000895419) (Issuer)
4 - WOLFSPEED, INC. (0000895419) (Issuer)
8-K - WOLFSPEED, INC. (0000895419) (Filer)
SD - WOLFSPEED, INC. (0000895419) (Filer)
8-K - WOLFSPEED, INC. (0000895419) (Filer)
Proposed Pre-Packaged Plan of Reorganization Has Strong Support of Key Lenders Company Has ~$1.3B of Cash as of 3QFY25, Providing Sufficient Near-Term Liquidity to Support Customers and Pay Vendors Deal Summary – Expected Benefits: ~70% reduction in total debt; ~60% reduction in annual total cash interest expense Existing equity holders to receive 3% or 5% of new common equity Company expects to complete the restructuring process expeditiously by end of 3QCY25 Post-restructuring, Wolfspeed operations expected to be fully funded through cash flow generation Management team to focus on profitability and long-term growth as advisory team navigates restructuring process Wo
Renesas Electronics Corporation (TSE: 6723, "Renesas"), a premier supplier of advanced semiconductor solutions, today announced that it has entered into a Restructuring Support Agreement (the "Restructuring Support Agreement") with Wolfspeed, Inc. (NYSE:WOLF, ", Wolfspeed", )) and its principal creditors for the financial restructuring of Wolfspeed. As a result, Renesas expects to record a loss as described below. 1. Details of Loss As announced in July 2023, Renesas entered into the silicon carbide wafer supply agreement with Wolfspeed, and through Renesas' wholly owned subsidiary in the United States, it provided a deposit (the "Deposit") of US$2 billion (approximately 292.0 billion yen
Emerson Will Oversee All Aspects of Operations, Supply Chain, and Quality Brings a Proven Track Record of Driving Operational Transformations Appointment Advances Wolfspeed's Strategic Priorities and Transition to Pure-Play 200-Millimeter Production Wolfspeed, Inc. (NYSE:WOLF) ("Wolfspeed" or the "Company") today announced that David Emerson, Ph.D. has been appointed Executive Vice President and Chief Operating Officer, a newly created role responsible for overseeing operational excellence across the Company's 200-millimeter facility footprint, reducing customer lead times, and manufacturing leading silicon carbide solutions for Wolfspeed's customers. Dr. Emerson will be responsible for