] [TechWeb June 11, according to foreign media reports, since listing in May, "the first man-made meat stocks" Beyond Meat strong performance, the stock has risen nearly 600%.
Beyond Meat stock performance
Following last week's announcement of strong first-quarter report, investors continue to chase Beyond Meat stocks. First quarter results, Beyond Meat revenue rose 215% to $ 40.2 million. Beyond Meat expects 2019 net income will grow by more than 140% year on year, more than $ 210 million.
Beyond Meat Zhou Yiyue share price rose 34.5%, to 186.43 US dollars a record high points, followed by gains narrowed to 21.24 percent.
According to the closing price of $ 168.10, the stock from the IPO price of $ 25 on May 1 rose nearly 600%. Beyond Meat market value of about $ 9.7 billion.
However, the market competition is heating up, Impossible Foods Hamburg Wang Dacheng a distribution agreement, Nestle has launched a meat-free hamburger.
According to Wikipedia, Beyond Meat manufacturer founded in 2009, it is a manufacturer of 100% plant ingredients meat alternatives. Since 2013, the company's products have been available in the US Whole Foods Market nationwide.
Beyond Meat's official website screenshot