Renesas stock price: Wolfspeed stake update lands days before Feb. 5 earnings
Renesas shares closed down 1.85% at 2,576 yen Friday in Tokyo. Wolfspeed issued 16.85 million shares to Renesas after U.S. regulators approved the deal, and named a Renesas executive to its board. Renesas will release full-year results Feb. 5. Investors are watching for updates on Wolfspeed and company guidance.