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Benzinga
Benzinga
Business
Henry Khederian

Celsius Holdings (CELH) Stock Surges 22% In A Month: What's Driving the Rally?

Celsius Celsius Holdings CELH United States Celsius Holdings Inc JP Morgan
Miami,Beach,,Florida,-,July,02,,2024:,Celsius,Energy,Drinks

Shares of Celsius Holdings Inc (NASDAQ:CELH) are soaring on Tuesday, up 5.9% at $45.37, and capping a remarkable 22% gain over the past month. The rally comes amid recent, bullish commentary from J.P. Morgan, which highlighted a significant acceleration in the U.S. energy drink market.

What To Know: Analyst Andrea Teixeira reported that U.S. energy drink sales jumped 18% in May, a sharp increase from 14% in April and the category’s strongest growth rate since November 2023.

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