Wolfspeed: Joining The Pack

Dec. 02, 2022 1:53 PM ETWolfspeed, Inc. (WOLF)LSCC, MPWR, QRVO, SLAB, STX5 Comments
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Summary

  • Wolfspeed, Inc. is down around 23% YTD. We believe the stock is a high-reward high-risk stock.
  • We’re bullish on the stock as we expect the demand tailwinds for Silicon Carbide content for EVs, Wolfspeed’s specialty, to drive growth going forward.
  • Our bullish thesis on Wolfspeed is highly reliant on how the company’s plans for 200mm SiC wafers pan out toward 2023.
  • We believe Wolfspeed will benefit from the long-term growth trends in the SiC wafer and power device markets and recommend investors buy the pullback.

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Wolfspeed, Inc. (NYSE:WOLF) is a risky stock; nevertheless, we are bullish on the company. WOLF is a major wide bandgap semiconductor focused on Silicon Carbide (SiC) wafers operating three primary markets: power, radio frequency (RF), and materials. Essentially, WOLF provides the SiC wafers necessary for power

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WOLF Investor Day presentation

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WOLF Investor Day presentation

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This article was written by

Tech Stock Pros profile picture
5.95K Followers
We are professional stock pickers with a proven track record, in investments, industry expertise, and technology edge. We have been top-ranked (Starmine Thomson Reuters, Factset, Institutional Investor) tech equity analysts at Wall Street bulges. Before our Wall Street careers, each of us worked in the tech industry starting as an engineer at various high-tech companies before eventually earning an MBA. We strive to provide clear, applicable, and insightful Wall Street grade fundamental research with an investing edge on tech stocks. We are objective in our assessment of the technologies involved and frequently take contrarian positions after through investigation into hype and conventional wisdom. We aspire to provide best in class investment research to retail investors. We want to level the playing field for retail investors, by providing the best-in-class research that is only accessible to institutional investors.

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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