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Stock impact report

If You'd Invested $10,000 in Wolfspeed 3 Years Ago, Here's How Much You'd Have Today [Yahoo! Finance]

Wolfspeed, Inc. New (WOLF) 
Company Research Source: Yahoo! Finance
Cash burn remained a major issue even as Wolfspeed moved closer to breakeven earnings. Wolfspeed may have improved its balance sheet with a Chapter 11 bankruptcy restructuring, but the risk still looks high. 10 stocks we like better than Wolfspeed › I used to own some Wolfspeed (NYSE: WOLF) stock, starting in March 2020, right after the COVID-19 crash. The company was known as Cree at the time, an experienced maker of LED light elements. Cree was expanding its gallium nitride (GaN) and silicon carbide (SiC) chip-making capacity, and the company seemed poised for great returns as a leading parts supplier to the electric vehicle industry. The company sold its LED business, doubled down on its specialized semiconductors, and drew closer to breakeven bottom-line results (starting from deep losses) over the next couple of years. But it also burned a ton of cash and the success I expected in electric vehicle chips never seemed to materialize. So I lost patience with the investmen Show less Read more
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