Beyond Meat Stock Is Rising Wednesday: What's Going On?

Beyond Meat Inc BYND shares are trading higher. The company on Wednesday announced the fourth generation of its core beef platform.

What Happened: Beyond Meat introduced its new beef platform Beyond IV, resulting in the unveiling of the company’s new Beyond Burger and Beyond Beef.

The new product lines are a result of multi-year research efforts in collaboration with medical and nutrition experts. Beyond IV further cements the company’s focus on creating plant-based meat products that not only taste delicious but also deliver important nutritional benefits via high-quality protein, good fats, fiber and other key nutrients.

One of the biggest changes includes a shift to avocado oil which helped reduce the saturated fat in the products by 60%. Additionally, Beyond Meat reduced the sodium in the new platform by 20%.

“Beyond IV represents a transformative step forward in delivering plant-based nutrition to the consumer in the form of meat. The development of the new products occurred within an ecosystem of leading medical and nutrition experts, and were designed to meet the standards of national health organizations to create a product that delivers the taste, satisfaction, and utility of 80/20 beef – yet is demonstrably healthier,” said Ethan Brown, founder and CEO of Beyond Meat.

Beyond Meat is due to report fourth-quarter financial results after the market close on Feb. 27. The company is expected to report a loss of 88 cents per share and revenue of $66.657 million, according to estimates from Benzinga Pro.

See Also: Gordon Ramsay-Backed, Mission-Driven Borealis Foods Goes Public

BYND Price Action: Beyond Meat shares were up 3.13% at $7.40 at the time of publication, according to Benzinga Pro.

Photo: Shutterstock.