Latest news with #MohawkValley
Yahoo
02-08-2025
- Business
- Yahoo
Susquehanna Lowers Wolfspeed (WOLF) PT to $1.50 Amid Q2 Semiconductor Preview
Wolfspeed Inc. (NYSE:WOLF) is one of the tech stocks to buy according to analysts. On July 22, Susquehanna lowered the price target for Wolfspeed from $3 to $1.50, while maintaining a Neutral rating on the shares. The adjustment came as part of the firm's Q2 preview for the semiconductor group, with the firm expecting in-line to modest upside reports for the current quarter, driven by tariff-related demand pull-ins and sustained AI strength. However, Susquehanna's analysts did note increased uncertainty for the latter half of 2025 within the broader semiconductor market. In FQ3 2025, Wolfspeed showed a sequential revenue growth of 50% at its Mohawk Valley facility, which contributed $78 million in revenue. The company has also established a fully automated 200-millimeter manufacturing footprint for silicon carbide solutions and received ~$192 million in cash tax refunds from the Section 48D advanced manufacturing tax credit, which boosted liquidity. Close-up of Silicon Die are being Extracted from Semiconductor Wafer and Attached to Substrate by Pick and Place Machine. Computer Chip Manufacturing at Fab. Semiconductor Packaging Process. Additionally, Wolfspeed is actively engaging with customers for sampling 200-millimeter materials and pursuing new contracts for 200-millimeter wafer supply. But at the same time, the company is undergoing a restructuring, which includes a 30% reduction in its senior leadership team and projected restructuring charges of $400 million to $450 million for FY2025. Free cash flow during the quarter was also negative, at $168 million. Wolfspeed Inc. (NYSE:WOLF) is a semiconductor company that focuses on silicon carbide and gallium nitride/GaN technologies in Europe, Hong Kong, China, the rest of Asia-Pacific, the US, and internationally. 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 . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
28-06-2025
- Yahoo
82-year-old woman struck by car in New Hartford church parking lot, police say
An 82-year-old woman is in the hospital after a vehicle hit her in New Hartford and drove away, according to the New Hartford Police Department. At around 9:20 p.m. June 26, the New Hartford Police and New Hartford Fire Department responded to a report of a car colliding with a person in the New Hartford Presbyterian Church parking lot on Park Street. Police secured the scene and began interviewing witnesses while the New Hartford Fire Department provided aid to 82-year-old Barbara Wuest of Utica. It was determined that the vehicle had left the scene, and Wuest was transported by Life Net Helicopter to Upstate University Hospital in Syracuse for serious but not life-threatening injuries to her lower body. The case been assigned to the New Hartford Police Criminal Investigation Division. Anyone who may have witnessed the collision or has any further information about it is urged to call the New Hartford Police Department and ask to speak with an investigator. Storm history: Where have tornadoes struck in Mohawk Valley? History of severe storms in past decades Weather: Are the storms getting worse? Rome mayor reflects on 2024 tornado and this week's twisters This article originally appeared on Observer-Dispatch: New Hartford police investigating 82-year-old woman struck by car
Yahoo
06-02-2025
- General
- Yahoo
Picente allocates $150,000 for Rome B-52 repair
ROME, NY (WUTR/WFXV/WPNY) — During the tornadoes that hit Rome last July, the iconic B-52 airplane that sits on Griffiss Air Force Base was knocked off of its pedestal. Now, Oneida County has provided some money to restore the fighter plane to its former glory. Oneida County Executive Anthony Picente announced on Wednesday, February 5 that the county has allocated $150,000 to move, secure and repair the B-52. The bomber — named the 'Mohawk Valley,' has sat at the Business and Technology Park — just in front of DeLutis Field — since approximately 1991, when it landed at the Air Force Base for the last time. During the tornado, the plane sustained damage to its engine, landing gear, fuel tank and wing tip. 'The 'Mohawk Valley' B-52 has long stood as a monument to the glorious past of Griffiss Air Force Base and the significance it once held in Oneida County,' Picente said in a statement. 'It is important that it is returned to its rightful place and restored to its former glory as a symbol of Rome's resilience. Oneida County is pleased to provide this funding as our continued commitment to assist the people of Rome in recovering from the devastation of last summer's tornado.' Smith American Legion Post 24 has served as the plane's caretaker, which is owned by the National Museum of the Air Force in Ohio. Since the plane was damaged by the tornado, the post has raised approximately $30,000 to assist in the repairs. 'Smith Post has been honored to serve as stewards of this historic symbol for the City of Rome and we are grateful to Oneida County for assisting us in our hour of need,' Michael Grogan, former Smith Post Commander and Chair of the B-52 Restoration Committee, said in a statement. 'We thank County Executive Picente and the Board of Legislators for allocating this funding that greatly assists our efforts to restore the B-52.' According to a statement by Picente's office, the $150,000 the county will provide will help move the plane back onto its pedestal, secure it and repair the damages. Shortly after the move, the plane will be welded into place. 'I applaud the efforts to restore the B-52 display here at Griffiss,' Oneida County Board of Legislators Chairman Gerald J. Fiorini said in a statement. 'The 'Mohawk Valley' bomber has been a staple at Griffiss Business and Technology Park for years, reminding residents and visitors of Rome's history as an Air Force base.' The plane is expected to be moved back to its original spot via crane next week. Repair work to the rest of the aircraft is expected to take place in the coming months. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
