Why Celsius Holdings Stock Went Up 48% in 2021

Shares of fitness energy drink company Celsius Holdings (NASDAQ: CELH) went up 48.2% in 2021, according to data provided by S&P Global Market Intelligence. The company has turned in record financial results quarter after quarter despite facing a variety of challenges, helping it to outperform the S&P 500's stellar 27% return for the year. But surprisingly, Celsius stock has not fared as well in the first week of 2022, swiftly dropping 27% from the start of the year, as of the market's close on Jan. 7.

Celsius produces energy drinks that are growing in popularity. In fact, the company's revenue has more than quadrupled over the past three years as it has rapidly expanded its distribution. And this impressive growth story finally caught the eye of Standard & Poor's on Jan. 7 when it added Celsius stock to the S&P SmallCap 600 index.

Image source: Getty Images.

Source Fool.com