BUZZ-Wolfspeed receives conditional loan commitment of up to 1.5 billions USD from the US
路透社2026/10/07 20:32October 7 — Wolfspeed (WOLF.N), a chip company, saw its stock price rise by 27.4% in after-hours trading to $39.89. Wolfspeed announced it has received a conditional loan commitment of up to $1.5 billion over 30 years from the U.S. Department of Defense to expand domestic production of silicon carbide materials and power devices. “We believe the size of this conditional commitment and its 30-year duration reflect the long-term importance of Wolfspeed’s technical and manufacturing capabilities established in the U.S.,” said CEO Robert Feurle. As of the last trading day’s close, the company’s stock has risen about 80% year-to-date. (For the convenience of non-English speakers, Reuters has automated the translation of its report into several languages. As automated translations may contain errors or lack necessary context, Reuters does not guarantee the accuracy of these texts and provides them solely for readers’ convenience. Reuters bears no responsibility for any damages or losses caused by the use of automated translations.)
October 7 - ** Shares of chipmaker Wolfspeed (WOLF.N) surged 27.4% in after-hours trading to $39.89
** Wolfspeed announced it has received a conditional loan commitment of up to $1.5 billion for 30 years from the U.S. Department of Defense (link) to expand domestic production of silicon carbide materials and power devices
** "We believe the size and 30-year term of this conditional commitment demonstrates the long-term importance of Wolfspeed’s technology and manufacturing capabilities established in the U.S.," Chief Executive Robert Feurle said
** As of the close of the previous trading day, the company's share price had gained about 80% so far this year
(To facilitate non-native English speakers, Reuters has automated its reporting into several other languages. As automated translation may be inaccurate or lack desired context, Reuters does not guarantee the accuracy of automated translations and provides them solely for the reader’s convenience. Reuters accepts no liability for any damage or loss caused by use of the automated translation feature.)
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BUZZ - Citi launches a positive catalyst watch on Xero, expects fiscal-year margin improvement; stock price rises
Latest Developments October 7 – Xero (XRO.AX), headquartered in Wellington, saw its share price rise by as much as 2.3% to AUD 57.38. Citi analysts maintained a “Buy” rating on the software company with a target price of AUD 91.55. The brokerage launched a positive catalyst watch ahead of the half-year earnings release, citing recent share price weakness. Strong revenue growth is expected for the first half, including contributions from the recent acquisition of Melio. Xero acquired Melio, a small business bill payment platform under (link), in 2025 for up to USD 3 billion. The company forecasts FY27 adjusted EBITDA to be close to the upper end of Xero’s guidance range, which is NZD 860 million to NZD 920 million (USD 481.51 million to USD 515.11 million). The share price is down 50.3% year to date, and this has been factored into today’s trading movements. (USD 1 = NZD 1.7860) (For the convenience of non-English speakers, Reuters provides this automated translation in several languages. Due to possible inaccuracies and lack of context in automated translations, Reuters does not guarantee the accuracy of automated translation texts and provides them only for reader convenience. Reuters assumes no liability for any damage or loss resulting from use of the automated translation feature.)
