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Cool off with these two hot energy drink stocks this June

by Thea Coates Finance Reporter
24th Jun 24 9:33 am

There’s a heatwave going on outside. But you can cool off with 2 energy drink stocks to buy this June.

Several estimates predict that by 2033, the market for energy drinks will have reached over $111 billion, growing at a CAGR of 8.72% compared to the $48.19 billion market last year.

Saqib Iqbal, a financial analyst at Trading.biz, thinks these 2 energy stocks are bound to dominate the overall sector.

  • The energy drink market is expected to reach over $111 billion by 2033.
  • Monster Beverage (NASDAQ: MNST) holds 37% of the global energy drink market.
  • Celsius Holdings (NASDAQ: CELH) is projected to grow 25.67% annually.

“Over the past three months, Monster Beverage (NASDAQ: MNST) and Celsius (NASDAQ: CELH) shares have plummeted about 10% and 36%. However, this makes both stocks a good buy right now.

“Even a sliver of this market can be a lucrative endeavour, and Monster and Celsius have more than a sliver.”

Monster Beverage (NASDAQ: MNST)

With over 37% of the global energy drink market, Monster Beverage (NASDAQ: MNST) is a market leader. The company’s revenue reached a monstrous $1.90 billion in Q1 2024, an increase of 11.8% from the same quarter last year.

And guess what? Over the past 30 years, Monster’s stock performance has been even better than Apple’s or Amazon’s.

Over the next five years, Monster Beverage is projected to provide strong revenue growth of 10% annually and several strategic international expansion and acquisition initiatives.

Celsius (NASDAQ: CELH)

As one of the best energy drink stocks you can own, Celsius Holdings (NASDAQ: CELH) offers tremendous potential for growth. The yearly sales of Celsius skyrocketed from $75.1 million in 2019 to over $1.3 billion in 2023.

The projected revenue growth for CELH is 25.67% annually, more than five times the 4.74% growth rate for the US non-alcoholic beverage market. Saqib thinks there’s over 75% upside for CELH in the next year.

Adding Celsius and Monster to your fridge and portfolio might be a good idea. Even though the rapid rise of Monster and Celsius may be worrisome, it could ultimately prove advantageous. It doesn’t hurt to have strong fundamentals, right?

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