Beyond the stock of the meat is on fire right now

The company, which produces plant-based protein, has lots of speed. People look for realistic alternatives to meat as a way to diversify their diets or reduce their environmental footsteps. Vegan products such as Beyond are designed to appeal to meats and mimic the taste and feel of real meat.

The company's sales have proven that there is demand. In addition, last week reported that sales reached $ 40.2 million in the first quarter of 201[ads1]9, an increase of 215% from the same period last year.

It expects total revenue to exceed $ 210 million this year, up over 140% over the past.

Beyond has found success in selling the product in large groceries and collaborating with restaurant chains. Tim Hortons, for example, announced in May that it is testing Beyond's sausage patty in three of its breakfast sandwiches.

But the company has also gained a boost when rival Impossible Foods announces new partnerships.

Impossible has struggled to meet the high demand for their product, suggesting that as interest rate increases in Impossible, more customers can also turn to Beyond. On Monday, when Beyond's share is 21%, Impossible announced it expanded its Impossible Whopper partnership with Burger King to more than 100 locations in the San Francisco Bay area.

Analysts like Jefferies analyst Kevin Grundy have also said they think Beyond's value can grow even more if it starts working on a large chain, like McDonald's.

The fast food company has not yet decided to introduce a plant-based protein element to American menus. But it already sells a meatless burger in Germany, and CEO Steve Easterbrook has said he thinks the trend is here to stay.

– CNN Business & # 39; Danielle Wiener-Bronner contributed to this report.