Beyond Meat rose as much as 16%, to $144.78 a share, after Taco Bell announced it's partnering with the faux-meat producer to explore plant based protein menu items on Thursday.
Beyond Meat's stock surge comes after a stellar 2020 which recorded a 65.3% yearly gain.
The plant-based meat company has also gained over 100% since its IPO in May 2019.
"Taco Bell chose to team up with Beyond Meat as a category leader with a proven track record of attracting younger customers with its irresistibly delicious plant-based offerings," Taco Bell said in a press release.
Taco Bell is just one of the many fast-food chains Beyond Meat has teamed up with.