Wolfspeed’s Wild Ride: From Bankruptcy Plans to EV Boom – What’s Next for WOLF Stock?
Wolfspeed shares jumped 48% to $1.82 on Sep 9 after court approval of its Chapter 11 plan, then dropped to about $1.20 by late September. The company will cut roughly 70% of its $6.5 billion debt and expects to exit bankruptcy within weeks. Wolfspeed will re-incorporate in Delaware around Sep 29. FY2025 revenue fell to $758 million, with a net loss of $11.39 per share.