Every Wolfspeed Investor Should Keep an Eye on This Number

Do you own a stake in industrial technology outfit Wolfspeed (NYSE: WOLF)? Maybe it's on your watch list? Whatever the case, it's a compelling but complicated investment prospect. The company's tech is critical to several industries' futures, but its declining revenue and lack of profitability are concerning.

Neither or those numbers is the one that's most important to current and would-be Wolfspeed shareholders, however.

If you're not familiar, Wolfspeed makes silicon carbide. This improvement on ordinary silicon makes it useful for high-voltage and high-heat applications like electric vehicles, power-hungry data centers, HVAC systems, and utility-scale renewable energy facilities, just to name a few.

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