EV market small-cap stocks SEDG and PLUG face challenges, but US initiatives and analyst optimism support growth.
SolarEdge Technologies, Inc. (SEDG) and Plug Power Inc. (PLUG) are notable small-cap stocks in the evolving electric vehicle (EV) market, which faces challenges like slow consumer demand and insufficient charging infrastructure. Chinese manufacturers dominate production due to lower costs, while U.S. initiatives, including $1.7 billion in grants to revamp auto plants, aim to enhance domestic competitiveness. Analysts remain optimistic about growth, supported by competitive leasing and funding for smaller suppliers.
September 29, 2024
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