Nasdaq: MNST

Monster Beverage Corp. (Nasdaq: MNST) stock jumped more than 32% this morning (Friday) after the company announced that The Coca-Cola Co. (NYSE: KO) had acquired a 17% stake in the energy beverage company as part of a new long-term partnership.

News of the deal sent MNST stock as high as $94.93 on Friday, its highest price since 2006.

But that may just be the start of MNST stock’s gains. Hitching to the world’s largest beverage company is a major win for the growing energy drink company. Here’s why…