Wolfspeed Inc. Experiences Significant Stock Surge

Wolfspeed, Inc., a U.S.-based semiconductor company specializing in silicon carbide and GaN solutions, has seen its stock price surge dramatically over the past week. The company, listed on the New York Stock Exchange, experienced a 69% increase in its share price over the last five days, as reported on April 29, 2025, by Investing.com.

This surge follows a series of significant gains, with the stock rocketing 27% higher on April 28, as noted by Fool.com and feeds.fool.com. Barrons.com highlighted a 26% increase on the same day, just days before Wolfspeed was set to report its fiscal third-quarter earnings.

Analysts have suggested that Wolfspeed’s stock, which rose 25% on the afternoon of April 28, appears to be caught in a short squeeze ahead of its earnings report scheduled for May 8. This recent performance marks its best run since a similar surge in October 2024, when the stock gained 71% over five days, according to TipRanks.com.

The reasons behind the surge have been a topic of discussion, with multiple sources, including Investing.com and Ca.investing.com, questioning why Wolfspeed’s stock is surging. The company had previously scheduled its Q3 earnings call for May 8, 2025, as announced on April 27.

Despite the recent volatility, Wolfspeed’s market capitalization stands at approximately $488.49 million, with a close price of $4.13 on April 27, 2025. The company’s price-to-earnings ratio is currently negative at -0.408827, reflecting its recent financial performance.

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As Wolfspeed prepares for its upcoming earnings report, investors and analysts will be closely monitoring the company’s performance and the potential impact on its stock price.