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Why Celsius Holdings Stock Hit a New Record High This Week

Why Celsius Holdings Stock Hit a New Record High This Week

Shares of energy-drink maker Celsius Holdings (NASDAQ: CELH) are spiking nearly 30% this week, according to data provided by S&P Global Market Intelligence. The results seem to verify that a distribution partnership with PepsiCo, which was announced last year, is paying dividends. CEO John Fieldly said the United States is the key growth driver for the company, noting that Celsius is now the "established #3 Energy Drink Brand in the category."