Wolfspeed (NYSE:WOLF) Stock Bumped Up to "Sell" by Wall Street Zen

Key Points

• Wall Street Zen upgraded Wolfspeed from “strong sell” to “sell,” while analysts overall maintain a “hold” consensus and an average price target of $22.67.
• In its latest quarter, Wolfspeed reported a loss of $2.03 per share, slightly worse than estimates, and revenue of $155 million—above estimates but down 21.2% year over year.
• A $1.5 billion government loan commitment could help support the company’s funding needs and operations.

Wolfspeed (NYSE:WOLF - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "strong sell" rating to a "sell" rating in a research note issued on Saturday, Wall Street Zen reports.

WOLF has been the topic of a number of other research reports. Zacks Research upgraded shares of Wolfspeed to a "hold" rating in a report on Friday, September 25th. Susquehanna lowered their price target on shares of Wolfspeed from $30.00 to $25.00 and set a "neutral" rating for the company in a report on Wednesday, October 21st. TD Cowen reduced their price objective on shares of Wolfspeed from $25.00 to $23.00 and set a "hold" rating on the stock in a research note on Thursday. Finally, Weiss Ratings cut Wolfspeed from a "sell (d+)" rating to a "sell (d)" rating in a report on Friday, October 23rd. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Wolfspeed has a consensus rating of "Hold" and a consensus price target of $22.67.

Wolfspeed Trading Up 16.8%

WOLF opened at $23.79 on Friday. Wolfspeed has a 1-year low of $13.48 and a 1-year high of $80.82. The stock's fifty day simple moving average is $26.29 and its 200 day simple moving average is $30.19. The stock has a market cap of $1.26 billion, a PE ratio of -1.67 and a beta of 8.67.

Wolfspeed (NYSE:WOLF - Get Free Report) last posted its earnings results on Wednesday, November 4th. The company reported ($2.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.99) by ($0.04). The business had revenue of $155.00 million for the quarter, compared to analyst estimates of $149.86 million. During the same quarter in the prior year, the company earned ($0.55) EPS. The business's revenue for the quarter was down 21.2% on a year-over-year basis. Equities analysts forecast that Wolfspeed will post -8.27 earnings per share for the current year.

Institutional Investors Weigh In On Wolfspeed

A number of institutional investors have recently made changes to their positions in WOLF. Renesas Electronics America Inc. acquired a new stake in shares of Wolfspeed during the 2nd quarter worth approximately $813,126,949. Brooklands Fund Management Ltd purchased a new position in Wolfspeed during the 3rd quarter worth approximately $25,376,000. Penn Capital Management Company LLC increased its holdings in shares of Wolfspeed by 12.4% in the third quarter. Penn Capital Management Company LLC now owns 577,475 shares of the company's stock valued at $16,270,000 after purchasing an additional 63,500 shares during the last quarter. Panview Capital Ltd acquired a new position in shares of Wolfspeed in the 2nd quarter valued at $6,952,000. Finally, Readystate Asset Management LP purchased a new position in Wolfspeed during the 2nd quarter valued at about $6,841,000.

Key Headlines Impacting Wolfspeed

Here are the key news stories impacting Wolfspeed this week:

• Positive Sentiment: Wolfspeed announced a $1.5 billion government loan commitment, which could support its funding needs and operations. Article: Wolfspeed’s Latest Quarter: Progress, and a Long Way to Go
• Neutral Sentiment: The company commercially introduced transparent silicon-carbide technology targeting augmented reality and quantum computing. These are potential new markets, though the articles provide no indication of near-term revenue impact. Article: Wolfspeed commercially introduces transparent SiC technology
• Negative Sentiment: Fiscal Q1 2027 results showed a $2.03 per-share loss, missing the $1.99 consensus loss, while revenue fell 21.2% year over year to $155 million. Revenue did exceed analysts’ expectations of $149.86 million, but the deeper loss and declining sales help explain the negative reaction to the report. Article: Wolfspeed Shares Slide After Q1 Earnings Print
• Negative Sentiment: TD Cowen cut its price target from $25 to $23 and maintained a “hold” rating, signaling limited expected upside at the time of its update. Article: Wolfspeed Given New $23 Price Target at TD Cowen

About Wolfspeed

Wolfspeed, Inc is a semiconductor company focused on silicon carbide (SiC) technologies. Its products are designed to support the conversion and management of electrical power in applications that require high efficiency, high voltage, and operation at elevated temperatures.

The company develops and manufactures SiC power devices, including metal-oxide-semiconductor field-effect transistors, diodes, power modules, and related components. It also produces SiC materials such as wafers and epitaxial substrates used by semiconductor manufacturers.

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