Cree

Wolfspeed, Inc. is an innovator of Wolfspeed power and radio frequency (RF) semiconductors. Its Wolfspeed product families include silicon carbide materials, power-switching devices and RF devices targeted for applications such as electric vehicles, fast charging inverters, power supplies, telecom and military and aerospace. The company was founded by Calvin H. Carter Jr., John W. Palmour, F. Neal Hunter, Eric Hunter, and John Edmond in 1987 and is headquartered in Durham, NC.

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Wolfspeed, Inc. is an innovator of wide bandgap semiconductors, focused on silicon carbide and gallium nitride (GaN) materials and devices for power and radio-frequency (RF) applications. Its product families include silicon carbide and GaN materials, power devices and RF devices, and its products are targeted for various applications such as electric vehicles, fast charging, 5G, renewable energy and storage, and aerospace and defense. The company was founded by Calvin H. Carter Jr., John W. Palmour, F. Neal Hunter, Eric Hunter, and John Edmond in 1987 and is headquartered in Durham, NC.

DURHAM, N.C.--(BUSINESS WIRE)--Cree CEO Gregg Lowe and CFO Neill Reynolds will present virtually at Morgan Stanley's 2021 Global Technology, Media & Telecom Conference on March 1.

Cree, Inc. to Present at Morgan Stanley 2021 Global Technology, Media and Telecom Conference

Shares of Cree Inc. , a light-emitting diode products company, rose 1.4% in premarket trade Friday, after the company said it has completed a $500 million at-the-market equity offering. Cree sold 4.2 million shares with proceeds to be used to bolster its balance sheet and boost liquidity to grow its Wolfspeed business.

Cree completes $500 million at-the-market equity offering

DURHAM, N.C.--(BUSINESS WIRE)--Cree, Inc. Completes $500 Million At-The-Market Equity Offering

Cree, Inc. Completes $500 Million At-The-Market Equity Offering

Cree (CREE) shares opened higher after Citi upgraded the stock to Buy with a $160 price target.

Cree (CREE) Attempts Rebound After Citi Upgrade

Shares of Cree Inc. fell 4.0% in premarket trading Friday, after the light-emitting diode products company filed for the "at-the-market" (ATM) sale of up to $500 million worth of its common stock. Based on Thursday's record stock closing price of $128.28, the filing could represent up to 3.9 million shares, or about 3.5% of the shares outstanding.

Cree stock pulls back from a record after filing for the ATM sale of up to $500 million in stock

Cree stock is up around 2.5x since the beginning of 2020, and at the current price around $116 per share, we believe that Cree stock has over 25% potential downside. Why is that?

Cree Stock Seems Overpriced After 2.5X Move

Cree's (CREE) fiscal second-quarter results reflect gains from solid demand in materials, power and RF business.

Cree (CREE) Q2 Loss Narrower Than Estimated, Revenues Beat

Lowe's

Cree, Inc. (CREE) CEO Gregg Lowe on Q2 2021 Results - Earnings Call Transcript

Cree (CREE) delivered earnings and revenue surprises of 4.00% and 4.48%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

Cree (CREE) Reports Q2 Loss, Tops Revenue Estimates

Shares of Cree (NASDAQ:CREE) decreased in after-market trading after the company reported Q2 results. Quarterly Results Earnings per share fell 140.00% over the past year to ($0.24), which beat the estimate of ($0.25).

Cree: Q2 Earnings Insights

DURHAM, N.C.--(BUSINESS WIRE)--Cree today announced revenue from continuing operations of $127.0 million for its second quarter of fiscal 2021, ended December 27, 2020.

Cree Reports Financial Results for the Second Quarter of Fiscal Year 2021

Cree (NASDAQ:CREE) announces its next round of earnings this Wednesday, January 27. Here is Benzinga's look at Cree's Q2 earnings report.

A Preview Of Cree's Earnings

DURHAM, N.C.--(BUSINESS WIRE)--Cree, Inc. announced today that Marvin A. Riley has been appointed to the Company's Board of Directors, effective January 25, 2021.

ADDING MULTIMEDIA Cree, Inc. Appoints Marvin Riley to Board of Directors

Cree, Inc. Appoints Marvin Riley to Board of Directors

DURHAM, N.C.--(BUSINESS WIRE)--Cree will conduct a conference call and audio webcast to discuss its Q2 FY2021 results and business outlook on January 27, 2020, at 5:00 p.m. ET.

Cree, Inc. to Report Second Quarter Fiscal 2021 Earnings on January 27, 2021

When Cree started out, it was known as just a lighting company. The company has transformed over the last 10 to 15 years and now looks to become a leader in the semiconductor industry.

Bank It Or Tank It: Cree

DURHAM, N.C.--(BUSINESS WIRE)--Cree, Inc. (Nasdaq: CREE), the global leader in silicon carbide technology, today announced the launch of its Wolfspeed WolfPACK™ power modules.

Cree Delivers Industry Leading Efficiency to Electric Vehicle Fast Charging and Solar Markets with New Silicon Carbide Power Module Portfolio

BioMarin Pharmaceutical

Firm also upped FibroGen stake in December

Primecap Curbs Holdings of Cree, BioMarin Pharmaceutical

Cree stock is up around 2.3x since the beginning of this year, and at the current price around $106 per share, we believe that Cree stock has over 20% potential downside. Why is that?

Could Cree Stock Drop To $80?

Cree (CREE) shares continued to consolidate after Morgan Stanley downgraded the stock to Equal Weight amid valuation concerns.

Cree (CREE) Consolidates After Morgan Stanley Downgrade

DURHAM, N.C.--(BUSINESS WIRE)--Cree, Inc. (Nasdaq: CREE) today announced that its senior management will present in two upcoming virtual investor conferences.

Cree, Inc. to Present at Upcoming Virtual Investor Conferences

Cree will be biggest benefactor of the EV/5G trends. But steep valuation and perfect execution necessary for long-term investors to profit.

Cree: The Winner Of EV Adoption, But Too Many Uncertainties

Why Cree Stock Just Popped 10%

Cree stock is up 54% since the beginning of this year, and at the current price of around $70 per share, we believe that Cree stock has more than 20% potential downside. Why is that?

What's The Downside On Cree Stock?

Cree shows rising price performance, earning an upgrade to its IBD Relative Strength Rating from 73 to 83. The post Cree Shows Market Leadership With Jump To 83 RS Rating appeared first on Investor's Business Daily.

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