Wolfspeed Names EMEA Sales VP as Shares Rise 7.8% to $19.12
Wolfspeed shares closed regular trading up 7.78% at $19.12 and then dipped 0.37% to $19.05 in after-hours. The company appointed semiconductor veteran Stefan Steyerl as vice president of EMEA sales effective March 1 to drive expansion into AI data centers, renewable energy, industrial power and electric vehicles.
1. Stock Performance and Trading Metrics
Wolfspeed shares closed regular trading up 7.78% at $19.12 and fell 0.37% to $19.05 in after-hours. The stock’s 12-month gain stands at 184.52% with a Relative Strength Index of 55.94 and a 52-week range between $8.05 and $36.60.
2. EMEA Sales Leadership Appointment
Effective March 1, Stefan Steyerl will join as vice president of sales for Europe, Middle East and Africa, bringing over 25 years of semiconductor industry experience. His background includes leading EMEA sales at Allegro MicroSystems and overseeing global revenue above $750 million at Analog Devices.
3. Market Position and Analyst Ratings
The company holds a market capitalization of $862.10 million and is up 38.8% from its 52-week low. In early February, an Overweight rating was maintained with a price target increase from $6 to $20, reflecting confidence in growth prospects.