Wolfspeed stock forecast scenarios show benefit from energy infrastructure projects, with SiC adoption in high-voltage grid systems creating a new vertical for revenue diversification beyond automotive. In addition, Wolfspeed is ramping up production at its Mohawk Valley fab. This resulted in the location generating revenue of $52 million in Q2, up from $12 million in the previous year. Revenue at this facility should continue to rise as it further increases production. TipRanks is a comprehensive research tool that helps investors make better, data-driven investment decisions. Current Wolfspeed stock forecast models suggest earnings recovery by late 2024 as new materials capacity comes online. The company’s SiC wafer supply agreements position it to capture a significant share in the high-performance automotive chip market.