Is Wolfspeed Stock a Buy Now?

Semiconductor stocks are a hot area to invest in thanks to the emergence of new industries, such as electric vehicles (EVs), renewable energy, and artificial intelligence. Consequently, many of these stocks experienced skyrocketing share prices, making it hard to find bargains in this sector.But one potentially undervalued semiconductor stock is Wolfspeed (NYSE: WOLF). The company's shares are down about 80% over the past 12 months through Feb. 5. Wolfspeed produces silicon carbide (SiC) wafers and components. Silicon carbide's properties make it ideal for power-related applications, such as for EV charging and for storing energy from solar and other renewable sources.If SiC products are desirable for industries on the rise, why is Wolfspeed stock down? Does this create a buy opportunity? Or are there reasons to avoid the stock? Let's dive into the company to find out.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool