Wolfspeed soars after court approves plan of reorganization

Wolfspeed (Pre-Reincorporation)

09/09/2025 11:06

** Shares of chipmaker Wolfspeed WOLF.N soar 65.9% to $2.04 premarket after court approval of its plan of reorganization

** WOLF expects to emerge from Chapter 11 protection in the next several weeks and reduce debts by about 70%

** WOLF filed for Chapter 11 bankruptcy protection in late June, had raised going-concern doubts in May

** Two of six brokerages rate the stock "buy", one "hold" and three "sell"; their median PT is $4 - data compiled by LSEG

** Up to last close, stock down 81.5% YTD

 (Reporting by Avinash P in Bengaluru)

 ((Avinash.P@thomsonreuters.com;))