Pivot Energy and Tapestry have finalized three community solar installations in Peoria, Dover and Ottawa, Illinois, with a combined capacity of 13.475 MWac. Under a 15-year REC purchase agreement, these facilities are projected to generate over 23,000 MWh of renewable energy annually, enough to power roughly 2,500 households. Two additional projects in the state are on track for completion by 2030. Tapestry’s ongoing REC procurement supports its achievement of 100% renewable electricity across all global operations as of December 2025.

As part of the five-project partnership, Pivot Energy will contribute more than $115,000 to local workforce and education initiatives. To date, nearly $65,000 has been donated to Illinois Central College and HIRE360 to fund solar career training programs targeting underrepresented groups and transitioning fossil fuel workers, with remaining contributions scheduled upon completion of the final two projects.

Asset Management One Co. Ltd. boosted its stake in Tapestry by 324.2% during Q3, acquiring 78,701 additional shares and increasing its holding to 102,978 shares valued at $11.66 million. Other notable moves include Royal Bank of Canada more than quadrupling its position to 305,590 shares and Goldman Sachs adding 288,219 shares. Institutional investors and hedge funds now hold 90.77% of Tapestry stock, underscoring confidence in the company’s luxury accessories portfolio and sustainability initiatives.

In Q3, Tapestry reported EPS of $1.38, beating consensus by $0.13, and revenue of $1.70 billion, up 13.1% year-over-year. Management has set full-year FY26 EPS guidance between 5.450 and 5.600. The company declared a quarterly dividend of $0.40 per share (annualized yield of 1.2% and payout ratio of 142.9%) and authorized a $1.0 billion share repurchase program, representing up to 4.9% of outstanding shares, signaling the board’s view that the stock remains undervalued.