PXDAILY PXS
Grid, Power & Thermal Infrastructure

Research snapshot · 7/1/26

WOLFWolfspeed Inc.

GAA and backside power delivery

Open WOLF in Robinhood ↗
ACCUMULATE
Conviction●●●○○3 of 5
Research target80Snapshot target
Thesis statusINTACTLast reviewed 7/1/26
Market cap2.37BSnapshot value
The thesis

Post-restructuring SiC pure-play — 70% debt cut, $698M ITC, Renesas 38% equity, AI-DC revenue +30% sequentially, only scaled US domestic SiC foundry at steep EV/$5B+ infrastructure discount

Catalysts

CHIPS Act $750M grant finalization; $1B 48D tax credits; 200mm Mohawk Valley fab utilization ramp; EV diversification

What breaks it

Chinese SiC overcapacity persists; execution risk on ramp

Social sentiment

X: bullish post-restructuring narrative; Renesas anchor validates; AI DC power catalyst cited

Snapshot · 7/1/26
Smart money

🟢 Lean-Bull · ins+$5.2M(3buy) · 13F 18+/4- · short↑0.25

Snapshot · 7/1/26