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Celsius shares rise after reaching distribution agreement in Europe

ReutersMar 17, 2025 6:05 PM

Shares of Celsius Holdings CELH.O rise ~11% to $30 on Mon after energy drink maker signs agreement to expand sales and distribution to Belgium and Luxembourg

CELH is on track for the biggest daily pct change since Feb. 21, when Co announced it would buy health and wellness drinks brand Alani Nutrition in a $1.8 billion deal

Co said it has partnered with Suntory Beverage & Food Benelux to expand distribution of Celsius energy drinks in Belgium and Luxembourg, according to a statement on Mon

The expansion follows successful launches in Australia, France, Ireland, New Zealand, and the United Kingdom

Among 21 analysts covering CELH, their median PT is $40 and avg rating is "buy"

With today's move, CELH is up ~14% vs a ~14% drop in the S&P 500 consumer discretionary index .SPLRCD

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