Wolfspeed traded at $23.22 this Friday October 16th, decreasing $2.69 or 10.38 percent since the previous trading session. Looking back, over the last four weeks, Wolfspeed lost 2.19 percent. Over the last 12 months, its price fell by 25.10 percent. Looking ahead, we forecast Wolfspeed to be priced at 29.95 by the end of this quarter and at 28.04 in one year, according to Trading Economics global macro models projections and analysts expectations.
Wolfspeed Inc, formerly Cree, Inc., offers silicon carbide technology and production. The Company provide solutions for energy consumption. Its product families include Silicon Carbide materials, power-switching devices and radio frequency (RF) devices targeted for various applications, such as electric vehicles, fast charging, 5G, renewable energy and storage, and aerospace and defense. The Company's SiC-based power products include Schottky diodes, SiC metal semiconductor field-effect transistors (MOSFETs), and SiC power modules at various voltages. The Company's RF products include a range of GaN high electron mobility transistors (HEMTs) and monolithic microwave integrated circuits (MMICs), which serves military, telecom and other commercial applications. The Company also provides custom die manufacturing for GaN HEMTs and MMICs.