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Beyond Meat Soars Midday as It Expands Production to Europe

Published 05/28/2019, 11:06 AM
Updated 05/28/2019, 11:30 AM
© Reuters.

© Reuters.

Investing.com - Carnivores beware, Beyond Meat is expanding its plant-based meat substitutes to the European market next year.

The company announced Tuesday that would make its products in the Netherlands as part of a partnership with Zandbergen World’s Finest Meat.

Shares of Beyond Meat (NASDAQ:BYND) jumped 7.5% in midday trade after the news. Its stock has surged 241% since it went public at the beginning of May.

“The consumer response in Europe has been very positive, and we look forward to being able to better serve those customers with locally produced products,” Seth Goldman, executive chairman of Beyond Meat, said in a statement.

Beyond Meat’s products are already distributed across Europe, but this will mark the first production outside of the U.S.

Latest comments

This stock is a bear's dream right now. Can't wait for this giant bubble to pop
Lol only in Europe will they ban GMOs but be cool with fake lab grown meat.
Here in South Africa we knows that this was only possible because of Trump. This is why the people who bring disrespects to Trumps will die poor.
great time to short to 70.00 IMO
So, you think it will pullback to 70.00? You may be right, however, i see a potential price above 95.00.
Let me gbp usd
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