Why Wolfspeed Stock Soared Today
Key Points The company emerged from Chapter 11 after a major financial restructuring that reduced debt and interest costs. New equity replaces canceled legacy shares, leaving a smaller float and a reset capital structure. 10 stocks we like better than Wolfspeed › Shares of Wolfspeed (NYSE: WOLF) ripped higher today after the silicon carbide power-chip maker completed its court-supervised restructuring and emerged from Chapter 11 protection. The rally reflects relief that the balance sheet is now de ...