Shares of Celsius Holdings ( CELH 0.25% ) have been as bubbly as its namesake sparkling functional beverages. The beverage stock is up an effervescent 37% this year, more than doubling the S&P 500 's comparable 16% return. Celsius stock was trading even higher at one point but has recently pulled back by a third from its peak value.

A lot has gone right for Celsius in 2025. It scored a timely acquisition of an ascending lifestyle brand, widening its market while also naturally propping up its top line. The story actually got better from there, but that turnaround tale is so 2025. With the new year around the corner, let's take a look at what Celsius investors will want to watch in 2026.

Keeping the bubbles going

One of the smartest deals in 2025 is the $1.8 billion acquis

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