Celsius Holdings (CELH) is raising the temperature in the energy drink market. CELH stock is on an impressive growth streak, fueled by a rise in health trends and new distribution deal with PepsiCo (PEP), and could challenge the sector’s major players.
In the third quarter, Celsius claimed a 4.9% market share to overtake Bang Energy as the No. 3 U.S. energy drink. And Wall Street analysts think it won’t be long before Celsius could disrupt the longtime energy drink duopoly between Red Bull and Monster Beverage (MNST).
Celsius touts itself as a healthier, functional energy brand. The Boca Raton, Fla.-based company makes caffeinated, sparkling beverages and pre- and post-workout supplements in a variety of flavors.
Disclosure: I sold all my $CELH which I had bought in the 20s in the $60-$90 region some months ago. I will revisit the story now and look for a new entry point to build on. I would bring you the long writeup I did on $CELH way back in late 2020, but, Motley Fool will not allow me to retrieve that post.
That long post on Destiny also resides on Twitter. Just tried the Twitter search function and that’s so buggy, I started dialing back on my timeline. Then my timeline went haywire. So, at the moment, Twitter cannot help me.
That said, let’s view the daily, weekly and monthly charts for $CELH
$CELH daily, weekly, and monthly.