Wolfspeed (WOLF) Stock Outlook – December 6, 2025: $698M IRS Windfall, Post‑Bankruptcy Reboot and What Comes Next
Wolfspeed received a $698.6 million tax refund from the IRS on December 1, boosting its cash and short-term investments to about $1.5 billion. Shares closed near $22, valuing the company at roughly $570 million. Wolfspeed exited Chapter 11 in late September and still holds about $2.1 billion in debt. The refund is part of $1 billion in expected credits under the CHIPS Act.