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Technology Stocks : Wolf speed
WOLF 18.62-7.9%3:59 PM EST
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Lou Weed
OldAIMGuy
From: slacker7113/29/2021 9:22:15 AM
2 Recommendations   of 10712
 
New Street starts 'silicon carbide pure play' Cree with Buy, $120 target 08:40 CREE New Street analyst Pierre Ferragu initiated coverage of Cree with a Buy rating and $120 price target. The analyst expects the power semiconductor market to more than triple over the next decade, driven by the ramp of electric vehicles and renewables. Silicon carbide power semi devices are better suited than silicon to address the electrification requirements of electric vehicles and renewables, Ferragu tells investors in a research note. The analyst views Cree Wolfspeed as "the silicon carbide pure play." The company benefits from a long history in manufacturing the substrate, and still controls 60% of global output, and it is expanding a credible portfolio of devices, says Ferragu. He expects Wolfspeed to maintain a "strong top- 3 position" and 20%-25% market share as silicon carbide revenues "go through the roof."

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thefly.com
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