CoVolt Power (Update)

General Information
Business:	(Incorporated in Texas) We are a leading provider of engineering, procurement, and construction services to the power and data center industries. We specialize in building utility-scale solar projects, battery energy storage systems (“BESS”) and high-voltage transmission and distribution (“T&D”) infrastructure. Since our founding in 2005, we have built more than 7.3 GW_ac of generation, nearly 1.7 GWh of battery storage and T&D infrastructure that connected over 26.4 GW of capacity and load to the grid. We are recognized as a top 10 utility-scale solar builder, based on installations from 2015 to 2025, according to Solar Power World. As of June 30, 2026, we had $3.6 billion of backlog representing an increase of 410% compared to the same date in the prior year. Most of our backlog – 85% – was related to generation, while 13% was related to T&D projects and 2% was related to standalone battery storage. Our customers include IPPs (independent power producers) as well as project developers, utilities, industrial facilities and data center operators. Since 2021, we have completed projects for 14 of the top solar 20 IPPs in the U.S. Note: Net income and revenue are for the 12 months that ended on June 30, 2026. (Note: CoVolt Power, Inc. filed its S-1 on Aug. 21, 2026, for its IPO, without disclosing the terms. Estimated initial proceeds are $100 million.)
Industry:	ELECTRIC & OTHER SERVICES COMBINED - SOLAR POWER & T&D & BATTERY STORAGE
Employees:	1102
Founded:	2005
Contact Information
Address	711 Louisiana Street Suite 2500 Houston, Texas 77002
Phone Number	(713) 267-5567
Web Address	http://www.covolt.com/
View Prospectus:	CoVolt Power (Update)
Financial Information
Market Cap
Revenues	$596.3 mil (last 12 months)
Net Income	$52.7 mil (last 12 months)
IPO Profile
Symbol	KVLT
Exchange	NYSE
Shares (millions):	0.0
Price range	$0.00 - $0.00
Est. $ Volume	$100.0 mil
Manager / Joint Managers	J.P.Morgan/Jefferies/RBC Capital Markets/UBS Investment Bank
CO-Managers	KeyBanc Capital Markets/Wolfe Nomura Allliance/Baird/Needham & Co./Roth Capital Partners
Expected To Trade:
Status:	TBA
Quiet Period Expiration Date:	Available only to Subscribers
Lock-Up Period Expiration Date:	Available only to Subscribers
SCOOP Rating	Available only to Subscribers
Rating Change	Available only to Subscribers

CoVolt Power (Update)

(Incorporated in Texas)

As of June 30, 2026, we had $3.6 billion of backlog representing an increase of 410% compared to the same date in the prior year. Most of our backlog – 85% – was related to generation, while 13% was related to T&D projects and 2% was related to standalone battery storage.

Our customers include IPPs (independent power producers) as well as project developers, utilities, industrial facilities and data center operators. Since 2021, we have completed projects for 14 of the top solar 20 IPPs in the U.S.

Note: Net income and revenue are for the 12 months that ended on June 30, 2026.

(Note: CoVolt Power, Inc. filed its S-1 on Aug. 21, 2026, for its IPO, without disclosing the terms. Estimated initial proceeds are $100 million.)