12 Small Cap EV Stocks to Buy Now

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3. SolarEdge Technologies, Inc. (NASDAQ:SEDG)

Market Capitalization: $872.06 Million

Number of Hedge Fund Holders: 30

SolarEdge Technologies, Inc. (NASDAQ:SEDG) is an Israeli smart energy technology company. It is best known for developing an intelligent inverter solution that improves the efficiency of solar photovoltaic (PV) systems. The company also develops and sells products for the EV market. Overall, SolarEdge Technologies, Inc. (NASDAQ:SEDG) serves a wide variety of energy market segments through its PV, storage, EV charging, batteries, and grid services solutions. Through its e-Mobility segment, the company offers a broad range of solutions for the EV market, including e-Drive systems, charging and DC converter solutions, vehicle management, and energy storage and distribution solutions. SEDG is one of the best EV stocks to invest in.

The company is investing to position itself for growth within the EV industry. In April 2024, SolarEdge Technologies, Inc. (NASDAQ:SEDG) completed the acquisition of Wevo Energy Ltd., a software startup that specializes in optimizing and managing EV charging systems for locations with large numbers of EV chargers, such as apartment buildings, workplace parking lots, and public charging locations. SolarEdge Technologies, Inc. (NASDAQ:SEDG) is looking to use Wevo’s expertise in EV charging optimization by integrating on-site solar generation, battery storage, and large-scale EV charging. Through this strategic acquisition, the company will be able to expand its offerings for commercial and industrial customers.

On May 7, 2025, SolarEdge Technologies, Inc. (NASDAQ:SEDG) launched a new solar-powered EV charging solution for businesses. The new solution is powered and controlled by an energy management system introduced after Wevo Energy’s acquisition in 2024. This solution is part of the company’s commercial and industrial ecosystem for commercial-scale solar and storage solutions and enables businesses with SolarEdge’s solar systems to charge their EV fleet with ‘power-optimized’ solar energy, which can significantly reduce their energy bills. According to SolarEdge Technologies, Inc. (NASDAQ:SEDG), one of the first beta customers reported a reduction in EV charging costs of about 70%.

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