Both Wolfspeed and Plug Power are struggling with negative gross margins. Wolfspeed emerged from bankruptcy with a better balance sheet and is focused on fixing manufacturing yield issues. Plug Power aims to achieve gross-margin breakeven next year. Wolfspeed is heavily invested in silicon carbide for electric vehicles, but faces challenges with low yields and negative gross margins. Plug Power is transitioning to an end-to-end hydrogen solutions company to improve profitability. While both are speculative stocks, Wolfspeed may have a better chance to outperform in 2026 due to its cleaner story and management focus on yield improvement.

Read more at Nasdaq: Wolfspeed vs. Plug Power: Which Stock Will Outperform in 2026?