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Is Wolfspeed Stock a Buy Now?

TheMotleyFool

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(NYSE: WOLF) hasn't quite delivered on the power and speed its company name might suggest. Shares of the semiconductor and silicon carbide technologies innovator fell by a dramatic 85% in 2024 amid an underwhelming financial performance and setbacks to its growth targets.

Despite the sheepish headline numbers, Wolfspeed stock still deserves a closer look as it has a lot of potential. Following the deep reset of expectations, a path for the company to ramp up production and improve cash flow suggests a more positive outlook.

Is the horizon bright enough to make Wolfspeed a compelling stock to buy in 2025? Here's what you need to know.

Source Fool.com