Wolfspeed Aktie News

Shares of Wolfspeed (WOLF -14.25%) are sinking on Wednesday, down 12.1% as of 1:35 p.m. E.T. The drop comes as the S&P 500 and Nasdaq Composite have both gained modestly.

Silicon carbide semiconductor solutions provider Wolfspeed has emerged from bankruptcy, with an improved balance sheet and lower debt service obligations. In accordance with the plan of reorganization, the company's common equity was cancelled. However, legacy equity holders received a small amount of new common shares. Following an initial selloff on Monday, amid investor confusion, shares man...

Wolfspeed, Inc. has completed a major restructuring, issuing new shares at a steep exchange ratio and reincorporating in Delaware to streamline future changes. WOLF's rollout of 200mm silicon carbide wafers positions it for growth in EVs, renewables, and data centers, despite ongoing financial strain and heavy debt. The new share structure creates a lean equity base, making WOLF appear deeply u...

Shares of Wolfspeed (WOLF 43.66%) ripped higher today after the silicon carbide power-chip maker completed its court-supervised restructuring and emerged from Chapter 11 protection. The rally reflects relief that the balance sheet is now delevered and that the company can refocus on core silicon carbide capacity and key customers.

Wolfspeed Inc (NYSE:WOLF) shares surged 29% to $28.50 in early trading on Tuesday after the chipmaker successfully exited from Chapter 11 bankruptcy with a much-reduced debt load.  Wolfspeed announced on Monday it had achieved its goal of reducing overall company debt by about 70%.

Wolfspeed stock kicked off Tuesday with a 35% uptick in pre-market trades after Monday's eye-popping rally. The company just wrapped up a tough Chapter 11 bankruptcy, slashing its massive debt and hitting the reset button on its finances.

Wolfspeed shares surged more than 25% before the bell on Tuesday, after the chipmaker successfully emerged from Chapter 11 bankruptcy with a substantially reduced debt load.

The company said it believes it has “ample liquidity” to continue supplying customers with its silicon carbide chips.