Wolfspeed Faces Mixed Reactions Following Q4 Losses and Weak Forecast

Despite reporting significant quarterly losses and missing revenue estimates, Wolfspeed's stock experiences volatility as it navigates manufacturing challenges.

• Wolfspeed reported a quarterly loss of 89 cents per share, missing consensus estimates.
• Full-year revenue and earnings also fell short of analyst expectations.
• The company anticipates further losses in the upcoming quarter due to manufacturing issues.
• Analysts have lowered their price targets, reflecting concerns over future performance.
• Despite financial setbacks, Wolfspeed's stock saw brief gains due to optimism around its new fabrication plant.

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