Beyond Meat (NASDAQ:BYND) pops after McDonald's (NYSE:MCD) is reported to be expanding the test of the plant-based McPlant burger.
CNBC says the partnership will advance to McDonald's rolling out the McPlant burger at roughly 600 locations in the San Francisco Bay and Dallas-Fort Worth areas to gauge consumer interest for the menu item.
While some analysts have modeled the financial impact of a full national rollout of the McPlant burger, the fast-food giant has taken a largely cautious approach so far to the meat alternative made from peas, rice and potatoes.
Shares of Beyond Meat (BYND) are up 7.55% in premarket action.