Wolfspeed: Down, But Not Out
Wolfspeed(WOLF) Seeking Alpha·2024-07-09 15:41
Rabizo/iStock via Getty ImagesIntroduction The stock of Wolfspeed (NYSE:WOLF), a business that was previously noted for its specialization in RF (Radio-frequency) devices but is now a pure-play silicon carbide materials entity, has experienced a disastrous 12 months; over the past year, when the Nasdaq has been resilient, generating returns of +36%, WOLF has proven to be a source of significant wealth destruction, contracting by 63%. YChartsWOLF’s dismal performance for a while now may have prompted som ...