ATLANTA, GA – – (Globe Newswire – April 28, 2023) – – Holzer & Holzer, LLC is investigating whether Wolfspeed, Inc. (“Wolfspeed,” or the “Company”) (NYSE: WOLF) complied with federal securities laws.  On April 26, 2023, Wolfspeed announced its results for the third quarter of fiscal year 2023 and provided guidance for its fourth quarter of fiscal 2023 and for fiscal 2024. The Company also stated it was “adjusting our fiscal 2024 revenue forecast to reflect the projected growth of our materials production as it relates to supplying [Wolfspeed’s] Mohawk Valley [facility].” Following this announcement, the price of the Company’s stock dropped.

If you purchased Wolfspeed stock and suffered a loss on that investment, you are encouraged to contact Corey Holzer, Esq. at  cholzer@holzerlaw.com  or Joshua Karr, Esq. at jkarr@holzerlaw.com, call our toll-free number at (888) 508-6832, or visit our website at www.holzerlaw.com/case/wolfspeed/ to discuss your legal rights.