Latest news with #VanIssum
Time of India
2 days ago
- Business
- Time of India
Wolfspeed Stock Price Analysis and Forecast: Market performance, investor outlook, key drivers & risks and analyst insights
Wolfspeed Stock Price Analysis and Forecast is one to watch out for. Wolfspeed Inc (NYSE: WOLF) shares have seen a sharp increase following the announcement of a new Chief Financial Officer and updates on its restructuring plans. The stock has gained investor attention as it navigates bankruptcy proceedings and positions itself for long-term growth. Shares Surge Wolfspeed shares jumped 24.79% to $2.92 in premarket trading on July 8, 2025, after closing at $2.31 in the previous session. This marked a 95.76% rise. The stock had earlier reached $3.19, up 36.9% by Tuesday morning. The surge followed Wolfspeed's announcement of Gregor van Issum as CFO, effective September 1, 2025. The company's stock has struggled over the past year, with a 52-week range of $0.39 to $25.49. The recent rise signals a possible shift in investor confidence. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 20 Most Expensive Cars In The World Undo Why Was Gregor van Issum Hired? Gregor van Issum brings over two decades of experience in corporate restructuring and strategic finance. He has worked with major semiconductor companies including ams-OSRAM AG and NXP Semiconductors N.V. His expertise in cost-saving programs and financial transformation aligns with Wolfspeed's restructuring goals. Van Issum replaces interim CFO Kevin Speirits. His appointment follows the earlier addition of David Emerson as Chief Operating Officer in May 2025, further strengthening Wolfspeed's leadership. Live Events CEO Robert Feurle emphasized van Issum's experience in complex manufacturing and financial leadership. Both executives have worked together previously at ams-OSRAM. Bankruptcy Filing and Debt Reduction Strategy Wolfspeed filed for Chapter 11 bankruptcy in early July. The company aims to reduce its debt by 70%, or around $4.6 billion. This is expected to help the company focus on growth and move toward profitability. Wolfspeed plans to continue operations during restructuring and expects to emerge by the end of Q3 2025. Despite the bankruptcy, Wolfspeed remains committed to delivering silicon carbide materials and devices. The company believes the leadership changes will improve its balance sheet and unlock the potential of its 200mm platform. Also Read: Sullivan's Crossing: Seasons 1 and 2 Netflix US release date, plot and where and how to watch Season 3 Market Performance and Investor Outlook Wolfspeed has a market capitalization of $359.498 million. The trading volume was 434.45 million shares, well above the average of 56.52 million. The stock has a beta of 1.29, showing high volatility. The company reported a negative earnings per share of -$8.26, indicating ongoing profitability challenges. Investors are now watching the upcoming earnings report, expected between August 19 and 25, 2025. Analysts have set a target price of $4.20. If the company executes its transformation plan successfully, long-term shareholders may benefit. However, high risk remains due to potential dilution during the restructuring process. Investor Sentiment and Analyst Views While Wolfspeed shares have rebounded sharply, some analysts remain cautious. The company's debt and bankruptcy status pose risks. The Motley Fool analysts did not include Wolfspeed in their current top 10 stock picks. Still, the market has reacted with optimism, suggesting belief in the new leadership's ability to guide a successful turnaround. Wolfspeed Stock Price Analysis and Forecast Current Performance & Market Behavior Premarket Surge: Wolfspeed shares shot up ~25% to $2.92 on July 8 after jumping 95.76% the previous day—signals strong investor sentiment following leadership announcements. Volatility Profile: Beta of ~1.29, trade volume (~434M shares) heavily outpaced the average (~56.5M), indicating speculative and high-interest trading. Analyst Insights and Price Targets TipRanks (8 analysts): Average 12‑month target of $3.37, with projected range $0.61–$6.00 (≈185% upside). Consensus: Hold (2 Buy, 2 Hold, 4 Sell). MarketBeat (14 analysts): Targets between $3.00–$20.00, averaging $11.15 (≈382% upside). (14 analysts): Average target $10.67 (≈320% upside), range $3–$20. Zacks: Forecasts range $3–$10, representing ~195% upside from recent prices. Growth Forecasts Revenue & EPS Growth: Expected 15.4% annual revenue growth and 52.8% annual EPS growth—well above industry averages (semis: ~22.4%). Industry Perspective: Global silicon carbide is projected to grow ~34.5% annually through 2034—tailwinds for Wolfspeed. Short-Term vs Long-Term Outlook 1–3 months: Technical models expect a drop (~–50%) to $0.10–$1.21, unless bullish catalysts emerge. Next 12 months: Wall Street targets: $3.37–$11.15 median; with high-end potential to $20. Analyst consensus leans Hold. 2025 Q3 Forecast: Q3 EPS around –$0.70 on revenue ≈ $201M (vs $197M LY), highlighting ongoing losses despite sales growth. Also Read: US Stock Markets Gainers Losers: Take a look at biggest stock movers on Tuesday Key Drivers & Risks Drivers Leadership appointments (new CFO, CFO-in) signal strategic financial pivot. Chapter 11 process expected to eliminate ~$4.6B debt (~70%), supported by Apollo and Renesas. Global demand for silicon carbide in EV and power sectors increasing. Risks Continued losses: FY 2024 net loss ~$864M, operating loss ~$445M. Refinancing risk: ~$6.5B debt burden, convertible bonds, and interest rate exposure. Short-term technical outlook weak, barring positive developments. Forecast Summary Short term (3 months): High volatility; technical models signal potential downside to ~$1 or lower. Medium to long term (12 months): Analyst consensus targets ~$3–$11; upside depends on successful bankruptcy exit, debt reduction, and execution of growth strategy. Bull case: Silicon carbide demand + debt clearance → $10+ potential. Bear case: Prolonged restructuring issues, financing barriers, slow EV adoption → under $3. Bottom Line Wolfspeed is in a high-risk, high-reward phase. If it successfully restructures, reduces debt, and scales revenue, analysts see significant upside. However, technical indicators warn of sharp short-term declines. The stock remains a speculative, turnaround play best suited for risk-tolerant investors. FAQs What caused Wolfspeed's stock to rise? Wolfspeed shares surged due to the appointment of Gregor van Issum as CFO and investor optimism about the company's restructuring and debt reduction plans. Will Wolfspeed continue operations during bankruptcy? Yes. Wolfspeed stated it will continue delivering silicon carbide products while undergoing Chapter 11 restructuring, with plans to exit by the end of Q3 2025.
Yahoo
2 days ago
- Business
- Yahoo
Wolfspeed Stock Doubles Overnight as New CFO Joins Turnaround Charge
July 8 - Wolfspeed (NYSE:WOLF) stock ignited a 50% rally in pre?market trading on Tuesday, building on Monday's 98% surge. Warning! GuruFocus has detected 10 Warning Signs with WOLF. Investors cheered the appointment of Gregor van Issum as chief financial officer, effective Sept. 1. Van Issum, who brings senior roles at ams?OSRAM and NXP, will succeed interim CFO Kevin Speirits, who stays on through the transition. This follows Wolfspeed's May hire of David Emerson as chief operating officer, underscoring a leadership overhaul aimed at driving profitability in its silicon carbide business, a material prized for EVs and AI data?center power systems. Under its Chapter 11 restructuring, the company is set to erase nearly $4.6 billion, about 70%, of its debt and trim annual interest costs by roughly 60%, vastly improving cash flow and balance?sheet resilience. Players in the market hope that seasoned leadership and a less encumbered balance sheet will bring Wolfspeed to a true turnaround. Analysts say the leadership shifts and debt repayments are measures that the company will emerge from bankruptcy stronger than ever. Financial headwinds should continue to subside, and the experienced industry veterans should be poised to lead a sustainable recovery at Wolfspeed. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Economic Times
2 days ago
- Business
- Economic Times
Nasdaq listed Wolfspeed shares soar 180% in two sessions. Here's what triggering the stock price
Nasdaq listed Wolfspeed shares has rallied 180% over the last two sessions. The spike in Wolfspeed's stock prices comes on the back of a leadership shake-up as the company named Gregor Van Issum as its new Chief Financial Officer and Executive Vice President on Monday. ADVERTISEMENT His term is effective from September 1, 2025 according to the company filing to the exchanges. The stock was trading at $2.675 around 10:29 AM ET (8 pm IST) but it opened 43% higher over the Monday closing price of $1.18 per share today hitting the day's high of $3.33. The price action was accompanied with strong volumes as over 16.6 crore shares changed hands on the Nasdaq around this Monday, Wolfspeed shares had settled with gains of more than 100%. The stock movement was surprising for Wall Street traders as the company was recently weighed down by financial challenges and restructuring efforts, ET Global Desk reported, citing a TipRanks report. ADVERTISEMENT Who is Gregor Van Issum? Van Issum is considered as a veteran of restructuring and has more than 20 years of experience in transformational restructuring and strategic financing and will succeed Kevin Speirits, who served as interim CFO of the firm, as reported by TipRanks. ADVERTISEMENT Speirits, who is serving as Interim Chief Financial Officer and will remain with Wolfspeed to support the company and ensure a smooth transition, the company filing said. He will be relocating to North Carolina and be based at company headquarters in Durham, NC, reporting to Wolfspeed CEO, Robert Feurle.'In this new role, my priority will be providing Wolfspeed's investors with transparency and clarity, especially during this transformative period,' said van Issum. 'Building on recent steps to restructure Wolfspeed's balance sheet, I will draw on my experience navigating complex business cycles to help create a capital structure that offers agility to respond to rapid shifts in the market," Van Issum said. ADVERTISEMENT "My background in transformation and restructuring also positions me to support Wolfspeed's strategic focus on improving profitability. At this pivotal time in the Company's life cycle, I am honored to help guide Wolfspeed as it leverages its competitive advantages—world-class facilities, exceptional talent, and robust intellectual property—to advance the incredible progress that Robert and the Wolfspeed team have made in recent months and solidify its leadership in silicon carbide technology,' he Inc. is a leading manufacturer of wide‐bandgap semiconductor materials and devices, primarily based on silicon carbide (SiC) and gallium nitride (GaN) technologies. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times) ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel)
Business Wire
2 days ago
- Business
- Business Wire
Transformation and Strategic Financing Expert, Gregor van Issum, Appointed Chief Financial Officer at Wolfspeed
BUSINESS WIRE)--Wolfspeed, Inc. (NYSE: WOLF) ('Wolfspeed' or the 'Company') today announced the appointment of Gregor van Issum as Chief Financial Officer (CFO), effective September 1, 2025, following a comprehensive review of internal and external candidates. Van Issum succeeds Kevin Speirits, who is serving as Interim Chief Financial Officer and will remain with Wolfspeed to support the Company and ensure a smooth transition. He will be relocating to North Carolina and be based at company headquarters in Durham, NC, reporting to Wolfspeed CEO, Robert Feurle. Van Issum brings more than 20 years of experience in transformational restructuring and strategic financing positions across the technology industry. Through senior roles at semiconductor manufacturers ams-OSRAM AG and NXP Semiconductors N.V., he gained an in-depth understanding of how to lead organizations through dynamic business cycles. Most recently, van Issum served as Executive Vice President, Group Controller at ams-OSRAM, where he was deeply involved in driving the financial performance of this multi-billion Euro revenue company. He also led ams-OSRAM's cost savings programs and sales initiatives in his dual role as the company's Chief Transformation and Performance Officer. 'We are excited to welcome Gregor to our team as Wolfspeed enters a new era,' said Robert Feurle, Chief Executive Officer. 'I witnessed Gregor's strong analytical and leadership skills firsthand during our time working together at ams-OSRAM. Gregor has helped lead large, multibillion euro businesses with complex manufacturing operations, which will be invaluable to Wolfspeed as we unlock the potential of our purpose-built 200mm platform. The Board and I look forward to collaborating with Gregor as we position Wolfspeed for long-term growth and profitability.' Van Issum gained valuable M&A and IT experience at ams-OSRAM, where he was responsible for executing and delivering on the business targets for the transactions and managing the strategic direction of the company's systems. He previously served as Vice President, Strategy of NXP Semiconductors' Secure Transactions and Identification Solutions segment and served as the CFO of the Secure Identification Solutions and Analog Mixed Signal units. 'In this new role, my priority will be providing Wolfspeed's investors with transparency and clarity, especially during this transformative period,' said van Issum. 'Building on recent steps to restructure Wolfspeed's balance sheet, I will draw on my experience navigating complex business cycles to help create a capital structure that offers agility to respond to rapid shifts in the market. My background in transformation and restructuring also positions me to support Wolfspeed's strategic focus on improving profitability. At this pivotal time in the Company's life cycle, I am honored to help guide Wolfspeed as it leverages its competitive advantages—world-class facilities, exceptional talent, and robust intellectual property—to advance the incredible progress that Robert and the Wolfspeed team have made in recent months and solidify its leadership in silicon carbide technology.' Van Issum's appointment follows the addition of Dr. David Emerson, who joined Wolfspeed in May in the newly created role of Chief Operating Officer. With a refreshed leadership team, Wolfspeed is well positioned to navigate near-term market dynamics and seize opportunities to expand its leadership in silicon carbide technologies. About Wolfspeed, Inc. Wolfspeed (NYSE: WOLF) leads the market in the worldwide adoption of silicon carbide technologies that power the world's most disruptive innovations. As the pioneers of silicon carbide, and creators of the most advanced semiconductor technology on earth, we are committed to powering a better world for everyone. Through silicon carbide material, Power Modules, Discrete Power Devices and Power Die Products targeted for various applications, we will bring you The Power to Make It Real. TM Learn more at Forward-Looking Statements This press release contains forward-looking statements involving risks and uncertainties, both known and unknown, that may cause Wolfspeed's actual results to differ materially from those indicated in the forward-looking statements. Forward-looking statements by their nature address matters that are, to different degrees, uncertain, including estimates, forecasts, and projections about possible or assumed future results of Wolfspeed's business, financial condition, liquidity, results of operations, plans, and objectives and Wolfspeed's industry and market growth. Words such as 'could,' 'will,' 'may,' 'assume,' 'forecast,' 'position,' 'predict,' 'strategy,' 'expect,' 'intend,' 'plan,' 'estimate,' 'anticipate,' 'believe,' 'project,' 'budget,' 'potential,' 'forward' or 'continue' and similar expressions are used to identify forward-looking statements. All statements in this press release that are not historical are forward-looking statements, including statements regarding Wolfspeed's restructuring and the potential for its profitability and growth. Actual results could differ materially due to a number of factors, including but not limited to, risks and uncertainties associated with voluntary petitions filed by Wolfspeed under Chapter 11 of the U.S. Bankruptcy Code (the 'Chapter 11 Cases') in the United States Bankruptcy Court for the Southern District of Texas, Houston Division (the 'Court'); the effects of the Chapter 11 Cases on Wolfspeed and Wolfspeed's relationship with its various stakeholders, including vendors and customers; Wolfspeed's ability to develop and implement the transactions contemplated by Wolfspeed's chapter 11 plan of reorganization (the 'Plan') and whether the Plan will be approved by the Court and the ultimate outcome of the Chapter 11 Cases in general; the length of time Wolfspeed will operate under the Chapter 11 Cases; the potential adverse effects of the Chapter 11 Cases on Wolfspeed's liquidity and results of operations; Wolfspeed's ability to confirm and consummate the Plan; the timing or amount of recovery, if any, to Wolfspeed's stakeholders; uncertainty regarding Wolfspeed's ability to retain key personnel; the diversion of management's attention as a result of the Chapter 11 Cases; increased administrative and legal costs related to the Chapter 11 Cases; changes in Wolfspeed's ability to meet its financial obligations during the Chapter 11 Cases and to maintain contracts that are critical to its operations; the effectiveness of the overall restructuring activities pursuant to the Chapter 11 Cases and any additional strategies that Wolfspeed may employ to address its liquidity and capital resources and achieve its stated goals; the actions and decisions of equity holders, creditors, regulators, and other third parties that have an interest in the Chapter 11 Cases, which may interfere with the ability to confirm and consummate the Plan; risks relating to the potential delisting of Wolfspeed's common stock from the New York Stock Exchange and future quotation of the common stock; ongoing uncertainty in global economic and geopolitical conditions, such as the ongoing military conflict between Russia and Ukraine and the ongoing conflicts in the Middle East; changes in progress on infrastructure development or changes in customer or industrial demand that could negatively affect product demand, including as a result of an economic slowdown or recession, collectability of receivables and other related matters if consumers and businesses defer purchases or payments, or default on payments; risks associated with Wolfspeed's expansion plans, including design and construction delays, cost overruns, the timing and amount of government incentives actually received, including, among other things, any direct grants and tax credits, issues in installing and qualifying new equipment and ramping production, poor production process yields and quality control, and potential increases to Wolfspeed's restructuring costs; Wolfspeed's ability to obtain additional funding, including, among other things, from government funding, public or private equity offerings, or debt financings, on favorable terms and on a timely basis, if at all; the risk that Wolfspeed does not meet its production commitments to those customers who provide Wolfspeed with capacity reservation deposits or similar payments; the risk that Wolfspeed may experience production difficulties that preclude it from shipping sufficient quantities to meet customer orders or that result in higher production costs, lower yields and lower margins; Wolfspeed's ability to lower costs; the risk that Wolfspeed's results will suffer if it is unable to balance fluctuations in customer demand and capacity, including bringing on additional capacity on a timely basis to meet customer demand or scaling back its manufacturing expenses or overhead costs quickly enough to correspond to lower than expected demand; the risk that longer manufacturing lead times may cause customers to fulfill their orders with a competitor's products instead; product mix; risks associated with the ramp-up of production of Wolfspeed's new products, and Wolfspeed's entry into new business channels different from those in which it has historically operated; Wolfspeed's ability to convert customer design-ins to design-wins and sales of significant volume, and, if customer design-in activity does result in such sales, when such sales will ultimately occur and what the amount of such sales will be; the risk that the markets for Wolfspeed's products will not develop as it expects, including the adoption of Wolfspeed's products by electric vehicle manufacturers and the overall adoption of electric vehicles; the risk that the economic and political uncertainty caused by the tariffs imposed or announced by the United States on imported goods, and corresponding tariffs and other retaliatory measures imposed by other countries (including China) in response, may continue to negatively impact demand for Wolfspeed's products; the risk that Wolfspeed or its channel partners are not able to develop and expand customer bases and accurately anticipate demand from end customers, including production and product mix, which can result in increased inventory and reduced orders as Wolfspeed experiences wide fluctuations in supply and demand; risks related to international sales and purchases; risks resulting from the concentration of Wolfspeed's business among few customers, including the risk that customers may reduce or cancel orders or fail to honor purchase commitments; the risk that Wolfspeed's investments may experience periods of significant market value and interest rate volatility causing it to recognize fair value losses on Wolfspeed's investment; the risk posed by managing an increasingly complex supply chain (including managing the impacts of supply constraints in the semiconductor industry and meeting purchase commitments under take-or-pay arrangements with certain suppliers) that has the ability to supply a sufficient quantity of raw materials, subsystems and finished products with the required specifications and quality; risks relating to outbreaks of infectious diseases or similar public health events, including the risk of disruptions to Wolfspeed's operations, supply chain, including its contract manufacturers, or customer demand; the risk Wolfspeed may be required to record a significant charge to earnings if its remaining goodwill or amortizable assets become impaired; risks relating to confidential information theft or misuse, including through cyber-attacks or cyber intrusion; Wolfspeed's ability to complete development and commercialization of products under development; the rapid development of new technology and competing products that may impair demand or render Wolfspeed's products obsolete; the potential lack of customer acceptance for Wolfspeed's products; risks associated with ongoing litigation; the risk that customers do not maintain their favorable perception of Wolfspeed's brand and products, resulting in lower demand for its products; the risk that Wolfspeed's products fail to perform or fail to meet customer requirements or expectations, resulting in significant additional costs; risks associated with strategic transactions; the risk that Wolfspeed is not able to successfully execute or achieve the potential benefits of Wolfspeed's efforts to enhance its value; the substantial doubt about Wolfspeed's ability to continue as a going concern; and other factors discussed in Wolfspeed's filings with the Securities and Exchange Commission (the 'SEC'), including Wolfspeed's report on Form 10-K for the fiscal year ended June 30, 2024, and subsequent reports filed with the SEC. These forward-looking statements represent Wolfspeed's judgment as of the date of this press release. Except as required under the U.S. federal securities laws and the rules and regulations of the SEC, Wolfspeed disclaims any intent or obligation to update any forward-looking statements after the date of this press release, whether as a result of new information, future events, developments, changes in assumptions or otherwise. Wolfspeed ® is a registered trademark of Wolfspeed, Inc.
Economic Times
3 days ago
- Business
- Economic Times
Wolfspeed stock soars over 100% after shock CFO appointment — who is Gregor van Issum?
Wolfspeed's stock surged over 100% following the appointment of Gregor Van Issum as CFO, effective September 1, 2025. Van Issum, a restructuring expert, aims to provide transparency during Wolfspeed's transformative period. Despite financial challenges, including bankruptcy proceedings and heavy debt, investors are optimistic about the company's strategic focus on growth and profitability. Tired of too many ads? Remove Ads Gregor Van Issum: A Veteran of Restructuring Joins Wolfspeed Strategic Focus on Growth and Profitability Tired of too many ads? Remove Ads Analysts Remain Cautious Financial Reality: Heavy Losses and Deep Debt FAQs Tired of too many ads? Remove Ads Wolfspeed shocked the stock market with a major leadership shake-up as it named Gregor Van Issum as its new Chief Financial Officer and Executive Vice President, effective September 1, 2025, as per a report. The announcement sent the company's stock soaring more than 100%, a surprising move for a company recently weighed down by financial challenges and restructuring efforts, according to a TipRanks Issum has more than 20 years of experience in transformational restructuring and strategic financing and will succeed Kevin Speirits, who served as interim CFO of the firm, as reported by TipRanks. He said that, "My priority will be providing Wolfspeed's investors with transparency and clarity, especially during this transformative period," as quoted by the will report to Wolfspeed CEO Robert Feurle and will be relocating to North Carolina to work from the company's headquarters in Durham, as reported by READ: Crypto legend Roger Ver resurfaces? Dormant whale may have just moved $8.6 billion in Bitcoin after 14 years His appointment came as part of Wolfspeed's strategy to enhance its leadership team because it aims for long-term growth and profitability in high-growth markets, according to the report. Vam Issum's experience in navigating dynamic business cycles and his background in mergers and acquisitions are expected to support the company's strategic focus on improving profitability and expanding its leadership in silicon carbide technologies , as reported by the latest analyst rating on Wolfspeed stock is a "Buy" with a $25.00 price target, but according to Spark, TipRanks' AI Analyst, WOLF is a Neutral, according to the READ: Meet Scott Ruskan: The Coast Guard hero who saved 165 lives during the Texas floods The firm's overall stock score indicates significant financial difficulties, which are driven by ongoing losses and heavy debt, as per the TipRanks report. Even though there are some positive elements, like the revenue growth at Mohawk Valley and restructuring efforts, the technical indicators and valuation remain weak, compounded by recent bankruptcy proceedings, according to the data revealed that, the firm faces significant financial challenges with a market capitalisation of $183.64 million and negative EBITDA of $312.3 million in the past twelve months, reported READ: AI stocks could crash like Dot-Coms, says Wall Street veteran — suggests these safer bets instead The company has recently filed for Chapter 11 bankruptcy protection as part of a prepackaged restructuring plan aimed at reducing its debt by about 70%, as reported by the company has planned to continue normal operations during the bankruptcy process, like delivering products to customers and paying vendors in the ordinary course of business, and it expects to emerge from bankruptcy by the end of the third quarter of 2025, according to the stock soared over 100% after the company announced Gregor Van Issum as its new CFO, a sign investors are hopeful about a turnaround, as per the a financial veteran with 20+ years of experience in corporate restructuring, strategic finance, and M&A, as per the report.
