EV chipmaker Wolfspeed set to receive $750 million US chips grant

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Go back to EV chipmaker Wolfspeed set to receive $750 million US chips grant

JPMorgan Reiterates Neutral Rating on Wolfspeed (WOLF)

October 16, 2024 6:14 AM EDT

JPMorgan analyst Samik Chatterjee reiterated a Neutral rating and $20.00 price target on Wolfspeed (NYSE: WOLF)

The analyst comments "Wolfspeed announced cumulative funding of ~$2.5 bn, with $750 mn in direct funding from the CHIPS Act as well as another $750 mn from an... More

Citi Reiterates Neutral Rating on Wolfspeed (WOLF)

October 15, 2024 4:00 PM EDT

Citi analyst Atif Malik reiterated a Neutral rating and $16.00 price target on Wolfspeed (NYSE: WOLF).

The analyst comments "Wolfspeed today announced signing non-binding preliminary memorandum of terms (PMT) with the US Department of Commerce for receiving up to $750M CHIPS... More