Jul. 10, 2025 12:44 PM ETWolfspeed, Inc. (WOLF) StockAPO, RNECF, RNECY, WOLF1 CommentThe Techie2.37K FollowersSummaryWolfspeed, Inc. is set to rebuild with Apollo and Renesas. Aiming to slash about $4.6 billion in debt. This positions the company for a turnaround after Chapter 11 protection.Renesas converts $2 billion deposit into equity. They take a 38.7% share in Wolfspeed and become its largest stakeholder. A bullish sign showing strong strategic backing for the company's recovery.New management appointments and higher fab utilization could drive margin improvements, which they aim to do post-rebuild with a clean slate.Despite bankruptcy risks, speculative interest remains due to potential shareholder retention and sector tailwinds; the next two months are critical for turnaround success.I hereon share my updated sentiment on WOLF stock and why I think this rebuild poses an attractive opportunity for long-term investors.Byrdyak/iStock via Getty ImagesInvestment thesisSo here we are, less than two months on from publishing my buy call on Wolfspeed, Inc. (NYSE:WOLF) among a sea of sells titled "This Wolf Isn't Dead Yet: Initiating Wolfspeed stock withThis article was written byThe Techie2.37K FollowersI’m a retired Wall Street PM specializing in TMT; since kickstarting my career, I’ve spent over two decades in the market navigating the technology landscape, focusing on risk mitigation through the dot com bubble, credit default of ‘08, and, more recently, with the AI boom. In one word, what I’d like my service to revolve around is momentum.Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.Comment(1)