Why Wolfspeed Stock Is Down 84.7% in 2024 and Sinking Even More in 2025
Wolfspeed (Nice: Wolff). Stocks were wiped out in 2024 despite a big backdrop for the broader market. The silicon-carbide technology specialist’s stock price has fallen by 84.7% in last year’s trading, according to data. S&P Global Market Intelligence. Meanwhile, S&P 500 The index rose 23.3%, and in Nasdaq Composite It showed an increase of 28.6 percent.
Although it is a background for a wide range of talent Semiconductor Industry, Wolfspeed stock saw big selloffs last year as the business continues to post big losses. In addition to the ever-increasing losses, the company’s profitability has been called into question by closing production facilities and abandoning plans to build new factories.
Last year was very difficult for Wolfseed. According to the company’s most recent quarterly update, the business lost more than $750 million over the trailing 12 months. Wolfspeed closed its latest quarterly report with $3 billion in long-term debt and $3.1 billion in long-term liabilities.
Wolfspeed’s losses and margin problems took on added significance in conjunction with canceled business expansion projects intended to boost sales and earnings in the long term. In August, news broke that Wolfspeed would be closing one of its production facilities in Durham, North Carolina. In October, it was announced that the company had abandoned plans to build a $3 billion factory in Germany. The company also announced that it is closing its facility in Texas.
News hit in November that Wofflespeed CEO Greg Lowe had stepped down and the company was in the process of finding a new leadership team. The stock actually performed in tandem with the management shake-up, but still closed the year with a significant loss.
Wolfspeed stock in 2010 It continues to see big sales early in the 2025 trade. As of press time, the company’s stock price is down about 26 percent. These sales occurred amid a backdrop of a 0.8% decline. S&P 500 Index and 1.2% return b Nasdaq Composite Index
Despite the lack of major business-specific news that would depress the company’s stock price, Wolfspeed saw its large valuation recovery continue due to macroeconomic pressures and geopolitical dynamics. The latest data from the Bureau of Labor Statistics showed the U.S. economy added more jobs in December than economists expected, raising concerns that inflation may be rising again.
