Celsius year-over-year growth ‘cooled’ in latest data, says Morgan Stanley

Morgan Stanley analyst Eric Serotta reports that Celsius’ year-over-year growth cooled in NielsenIQ scanner data for the two weeks ended November 4 and that Celsius’ dollar share of the energy category declined sequentially to 9.0% for the latest week. However, the analyst cautions against drawing conclusions from one week of data and noted that the two-year average growth “remained robust.” The firm keeps an Equal Weight rating on the shares as it says the stock is pricing in Celsius reaching mid-teens share of the U.S. energy category over the next few years, which “looks achievable but leaves limited room for upside.” In Tuesday late morning trading, Celsius shares have fallen $11.82, or 7%, to $150.60.