Pivot Energy and Tapestry, Inc. have completed three community solar installations in Peoria, Dover and Ottawa, Illinois, delivering a combined 13.475 MWac of capacity. Under a 15-year agreement, Tapestry is purchasing the Renewable Energy Credits generated by these arrays, which will yield over 23,000 MWh of clean power annually—enough to supply roughly 2,500 households. This marks the first tranche of five planned projects in the state, with two remaining sites slated for completion by 2030. The initiative underscores Tapestry's strategy to bolster its 100% renewable electricity goal by adding new clean generation to the grid.

Asset Management One Co. Ltd. increased its holdings in Tapestry by 324.2% during the third quarter, acquiring 78,701 additional shares to reach 102,978 shares valued at $11.66 million. Royal Bank of Canada expanded its position by 292.8% in the first quarter, adding 464,113 shares for a total stake worth $21.52 million. Goldman Sachs lifted its holdings by 21.1%, now owning 1.65 million shares. Collectively, hedge funds and institutional investors control 90.77% of the company, signaling broad confidence among professional money managers.

In the quarter ended early November, Tapestry reported revenue of $1.70 billion, surpassing consensus forecasts by $70 million and representing a 13.1% year-over-year increase. Adjusted earnings per share of $1.38 topped analyst estimates by $0.13. The company set full-year guidance at $5.45–5.60 EPS, reflecting targeted growth in its Coach, Kate Spade and Stuart Weitzman brands. Management also authorized a $1 billion share repurchase program, equating to up to 4.9% of outstanding shares, and maintained a quarterly dividend of $0.40 per share, reinforcing its commitment to capital returns.