Prediction: Celsius Holdings Will Soar Over the Next 3 Years. Here's 1 Reason Why.
Celsius(CELH) The Motley Fool·2024-11-21 20:07
Is Celsius Holdings set for a comeback after a painful 2024?Health-oriented energy drink brewer Celsius Holdings (CELH 4.38%) has seen better days. The stock was trading near two-year lows on Nov. 20, more than 70% below the record prices of late May.And the stock price is down for good reasons. The treasured distribution partnership with soda-and-snacks giant PepsiCo turned out to have a downside. Pepsi is revamping its inventory pipeline, dramatically reducing its Celsius orders in the process. As a resul ...