5 Best Small Cap EV Stocks to Buy Right Now

In this article, we will list the 5 Best Small Cap EV Stocks to Buy Right Now. Please visit 8 Best Small Cap EV Stocks to Buy Right Now if you would like to see the extended list and the methodology behind it.

5. Wolfspeed, Inc. (NYSE:WOLF)

On April 22, 2026, Wolfspeed, Inc. (NYSE:WOLF) announced the appointment of Yasuhisa Harita as regional president for Asia Pacific, effective June 1, 2026. Harita will be based in Tokyo and will lead the company’s commercial strategy across Japan, Korea, and the ASEAN region.

Last month, Wolfspeed, Inc. (NYSE:WOLF) completed its previously announced private placements of convertible notes, common stock, and pre-funded warrants. In connection with the transactions, the company redeemed approximately $475.9M of its Senior Secured Notes due 2030, which is expected to reduce annual interest expense by about $62M and total debt by approximately $97M. The private placements included $379M of 3.5% Convertible 1.5 Lien Senior Secured Notes due 2031, 3,250,030 shares of common stock priced at $18.458 per share, and pre-funded warrants to purchase up to 2,000,000 shares at $18.448 per warrant, each exercisable at $0.01 per share. The shares were issued at a 10% premium to the March 18, 2026, closing price. Gross proceeds were used to fund the note redemption, along with associated premiums, accrued interest, and related fees and expenses.

Wolfspeed, Inc. (NYSE:WOLF) focuses on silicon carbide and gallium nitride technologies across global markets.