CoVolt Power, a construction services provider for utility-scale solar projects and battery energy storage systems, submitted its initial public offering filing to the U.S. Securities and Exchange Commission last Friday, with the offering potentially raising $200 million. The company plans to list on the New York Stock Exchange under the ticker symbol "KVLT."

Headquartered in Houston, Texas, and founded in 2005, CoVolt Power delivers engineering, procurement, and construction services tailored to the power and data center sectors, focusing on utility-scale solar installations, battery storage systems, and high-voltage transmission and distribution infrastructure. The firm has completed more than 7.3 gigawatts of alternating current of generation capacity and nearly 1.7 gigawatt-hours of battery storage, while also delivering transmission and distribution infrastructure that has interconnected over 26.4 gigawatts of generation capacity and load to the grid. Its client base includes independent power producers, project developers, utilities, industrial facilities, and data center operators.

Financial data reveals that for the six-month period ended June 30, 2026, revenue declined 32% to $308 million, while gross margin expanded by 393 basis points to 18%. Adjusted EBITDA fell 20% to $42.3 million, with the adjusted EBITDA margin improving by 190 basis points to 13.7%. For the trailing twelve months through June 30, 2026, revenue stood at $596 million.