Latest news with #GregorvanIssum
Yahoo
11 hours ago
- Business
- Yahoo
Wolfspeed (WOLF) Refreshing Management Team to Revitalize Growth
Wolfspeed, Inc. (NYSE:WOLF) is one of the best green energy penny stocks to buy right now. On July 7, the company confirmed the appointment of Gregor van Issum as Chief Financial Officer, effective September 1, 2025. A fleet of electric light vehicles recharging their batteries in a parking lot. The appointment comes at a time when the company is facing significant financial challenges. Nevertheless, Van Issum will join with over 20 years of experience in the semiconductor industry and is expected to play a role in revitalizing the company's fortunes. 'My priority will be providing Wolfspeed's investors with transparency and clarity, especially during this transformative period,' van Issum said. The appointment coincides with the addition of Dr. David Emerson, who took over as Chief Operating Officer in May. Wolfspeed is increasingly refreshing and bolstering its management team as it looks to unlock new growth opportunities. Wolfspeed, Inc. (NYSE:WOLF) is a semiconductor company that specializes in silicon carbide technologies used in various applications, including power modules and discrete power devices. Its products are used in multiple applications, including electric vehicles and renewable energy. While we acknowledge the potential of WOLF as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Most Popular AI Penny Stocks to Buy According to Billionaires and 10 Best Defensive Stocks to Buy in a Volatile Market. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
2 days ago
- Business
- Yahoo
Wolfspeed (WOLF) Refreshing Management Team to Revitalize Growth
Wolfspeed, Inc. (NYSE:WOLF) is one of the best green energy penny stocks to buy right now. On July 7, the company confirmed the appointment of Gregor van Issum as Chief Financial Officer, effective September 1, 2025. A fleet of electric light vehicles recharging their batteries in a parking lot. The appointment comes at a time when the company is facing significant financial challenges. Nevertheless, Van Issum will join with over 20 years of experience in the semiconductor industry and is expected to play a role in revitalizing the company's fortunes. 'My priority will be providing Wolfspeed's investors with transparency and clarity, especially during this transformative period,' van Issum said. The appointment coincides with the addition of Dr. David Emerson, who took over as Chief Operating Officer in May. Wolfspeed is increasingly refreshing and bolstering its management team as it looks to unlock new growth opportunities. Wolfspeed, Inc. (NYSE:WOLF) is a semiconductor company that specializes in silicon carbide technologies used in various applications, including power modules and discrete power devices. Its products are used in multiple applications, including electric vehicles and renewable energy. While we acknowledge the potential of WOLF as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Most Popular AI Penny Stocks to Buy According to Billionaires and 10 Best Defensive Stocks to Buy in a Volatile Market. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
2 days ago
- Business
- Yahoo
Why Wolfspeed Stock Surged This Week Despite Incredible Volatility
Wolfspeed stock rocketed higher in Monday and Tuesday's trading, but it saw big sell-offs later in the week. The silicon-carbide specialist's valuation surged after the company announced its next CFO. Wolfspeed stock has been incredibly volatile lately, and it looks like a very risky investment. These 10 stocks could mint the next wave of millionaires › Wolfspeed (NYSE: WOLF) managed to close out the past week of trading with double-digit gains despite big sell-offs in the second half of the stretch. The company's share price climbed 12.3% from the previous week's market close. Wolfspeed's valuation received a massive boost at the beginning of this week, after the company announced it had named Gregor van Issum as its next chief financial officer. The news kicked off a huge rally that saw the stock more than double across Monday and Tuesday's trading, but the share price surge lost steam and gave way to a big pullback later in the week. Wolfspeed published a press release Monday morning announcing that van Issum will take over as the company's next CFO on Sept. 1. Wolfspeed announced that it had submitted preliminary filings for Chapter 11 bankruptcy protections at the end of June, and its new CFO will play a leading role in guiding these proceedings. Van Issum's background suggests that he is a good pick to handle the company's bankruptcy proceedings and big corporate restructuring, but the gains for the stock at the beginning of the week seem to have been a significant overreaction to the news. Companies that have announced bankruptcy proceedings can sometimes see incredible valuation surges on relatively minor news and then see big stock corrections in subsequent trading. This dynamic appears to have played out for the silicon-carbide specialist in the second half of this week's trading, but the stock still wound up solidly in the green across the stretch. While it's possible that Wolfspeed could see more big valuation rallies in the near term, investing in the stock right now would be incredibly risky. Because the company is in the bankruptcy process, its stock will probably be delisted from the New York Stock Exchange (NYSE). Shares would then shift to trading through the over-the-counter (OTC) markets, but delisting from the NYSE would likely trigger big sell-offs. Meanwhile, investors who plan on holding on to their current shares of the company's common stock through the end of the bankruptcy and restructuring process will receive only between 3% and 5% of the value of the new corporate entity that will be created. Ever feel like you missed the boat in buying the most successful stocks? Then you'll want to hear this. On rare occasions, our expert team of analysts issues a 'Double Down' stock recommendation for companies that they think are about to pop. If you're worried you've already missed your chance to invest, now is the best time to buy before it's too late. And the numbers speak for themselves: Nvidia: if you invested $1,000 when we doubled down in 2009, you'd have $427,709!* Apple: if you invested $1,000 when we doubled down in 2008, you'd have $40,087!* Netflix: if you invested $1,000 when we doubled down in 2004, you'd have $671,477!* Right now, we're issuing 'Double Down' alerts for three incredible companies, available when you join , and there may not be another chance like this anytime soon.*Stock Advisor returns as of July 7, 2025 Keith Noonan has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Wolfspeed. The Motley Fool has a disclosure policy. Why Wolfspeed Stock Surged This Week Despite Incredible Volatility was originally published by The Motley Fool Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
5 days ago
- Business
- Yahoo
Wolfspeed Is Plummeting Today -- Is the Highly Volatile Stock a Buy Right Now?
Despite big sell-offs in today's trading, Wolfspeed stock has still more than doubled across the last week of trading. The explosive valuation gains corresponded with the company naming its next CFO, but the stock has been seeing big pullbacks over the last couple of days. Wolfspeed's incredible volatility makes it impossible to rule out additional rallies, but the stock looks extremely risky right now. 10 stocks we like better than Wolfspeed › Wolfspeed (NYSE: WOLF) stock is continuing to lose ground Thursday after a big sell-off in yesterday's trading. The company's share price was down 19.4% as of 2:15 p.m. ET today and had been down as much as 22.8% earlier in the session. Wolfspeed has seen incredible volatility this week. The stock kicked off the stretch with massive gains after the company announced on Monday that it had selected Gregor van Issum as its next chief financial officer. The news spurred an incredible surge for the stock, and the rally continued through Tuesday's trading -- but shares have subsequently seen some big pullbacks. Today's sell-offs aren't connected to any new developments for the company and instead appear to be a continued profit-taking reaction to the huge gains recorded across Monday's and Tuesday's sessions. Even with some big pullbacks, the stock has still more than doubled over the last week. The massive rally for Wolfspeed stock early this week appears to have been largely disconnected from the practical implications of what the company naming its next CFO means for current holders of its common stock. The silicon-carbide specialist filed for preliminary Chapter 11 bankruptcy protections at the end of June, and the company is moving forward with a restructuring that will see its assets transferred to creditors in order to offset debt. The restructuring will also see a new corporate entity created and grant holders of Wolfspeed stock only a small valuation slice of the new company. Depending on how things play out, current shareholders will receive between 3% and 5% of the new business. This provision suggests that there is vey little chance for current shareholders to receive value above Wolfspeed's current share price after the restructuring is completed. While it's within the realm of possibility that the stock could see a short-term surge above its current pricing level, there's also a big risk that the stock will quickly plummet when shares are de-listed form the New York Stock Exchange (NYSE) due to the company's bankruptcy proceedings. Before you buy stock in Wolfspeed, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Wolfspeed wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $694,758!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $998,376!* Now, it's worth noting Stock Advisor's total average return is 1,058% — a market-crushing outperformance compared to 180% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of July 7, 2025 Keith Noonan has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Wolfspeed. The Motley Fool has a disclosure policy. Wolfspeed Is Plummeting Today -- Is the Highly Volatile Stock a Buy Right Now? was originally published by The Motley Fool
Yahoo
5 days ago
- Business
- Yahoo
Wolfspeed Stock Sank Today -- Is This a Buying Opportunity?
Wolfspeed stock fell nearly 20% today after posting explosive gains earlier in the week. The company saw its valuation surge following news that it had named its next CFO. The terms of the company's restructuring and the likelihood that the stock will be delisted in the near term make Wolfspeed a very risky investment play. 10 stocks we like better than Wolfspeed › Wolfspeed (NYSE: WOLF) stock saw a big sell-off on Wednesday. The company's share price fell 19.8% in the session, despite a 0.6% gain for the S&P 500 and a 0.9% jump for the Nasdaq Composite. Today's big valuation pullback for Wolfspeed stock was a reaction to a much bigger gain that occurred across Monday's and Tuesday's trading. The silicon-carbide specialist announced at the beginning of the week that it had named Gregor van Issum as its next chief financial officer. Leadership in this role is important because the company will be moving through a Chapter 11 bankruptcy and restructuring. However, the gains in the company's share price in Monday's and Tuesday's trading may have been significantly out of step with what the CFO news will mean for the company's current shareholders. After struggling for years as demand and margins for its silicon-carbide products came in significantly lower than anticipated, Wolfspeed announced at the end of June that it had submitted preliminary paperwork for Chapter 11 bankruptcy protections. The news actually corresponded with a big rally for the stock -- although shares were already down massively year to date. Even after some recent pops for the stock, Wolfspeed's share price has fallen roughly 70% in 2025. As per the rules of the New York Stock Exchange (NYSE), companies are typically delisted from trading after filing for bankruptcy. Wolfspeed stock would likely continue trading on the over-the-counter (OTC) markets in the lead up to its restructuring, but there's a very good chance that its share price will fall substantially upon being delisted from the NYSE. Due to the bankruptcy proceedings and restructuring, Wolfspeed's assets will be transferred to Renesas and other debt holders, and a new company will be created. While this will result in debt being wiped out, the deal will mean that shareholders of the old business's common stock will only receive between 3% and 5% of the value of the new company. It's possible that the stock could bound above current levels in the very near term, but the delisting risks and outlook for the restructuring valuation settlement make Wolfspeed an extremely high-risk investment right now. Before you buy stock in Wolfspeed, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Wolfspeed wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $687,764!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $980,723!* Now, it's worth noting Stock Advisor's total average return is 1,048% — a market-crushing outperformance compared to 179% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of July 7, 2025 Keith Noonan has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Wolfspeed. The Motley Fool has a disclosure policy. Wolfspeed Stock Sank Today -- Is This a Buying Opportunity? was originally published by The Motley Fool 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
