Wolfspeed's stock drops 10.4% after mixed reviews from analysts despite beating earnings expectations.

Wolfspeed's stock price fell 10.4% on Friday, following Goldman Sachs lowering its price target and JPMorgan reissuing an "underweight" rating. Despite beating earnings expectations, analysts gave mixed reviews: five "sell," six "hold," and four "buy," resulting in a "Hold" consensus. The company, known for silicon carbide and GaN technologies, has a debt-to-equity ratio of 30.65 and a current ratio of 4.64.