Wolfspeed: Lower Growth Already Priced In
Wolfspeed(WOLF) Seeking Alpha·2024-01-10 16:12
mesh cubeIn our previous analysis, we anticipated Wolfspeed, Inc.'s (NYSE:WOLF) revenues to sustain a CAGR of approximately 45% due to the company's focus on expanding manufacturing facilities for SiC materials and wafers. However, considering projected supply growth surpassing demand, despite state and US CHIPS Act subsidies for manufacturing facilities, we foresee Wolfspeed maintaining a cash flow negative status. In this analysis, we covered the company again as its revenue growth had slowed down bel ...