Celsius Holdings rises after Rockstar Energy founder builds stake, CNBC reports

Celsius Holdings

07/08/2026 17:38

** Shares of energy drink maker Celsius Holdings CELH.O up 10% at $26.23 
** Co faces pressure from Rockstar Energy founder Russ Savage and is calling for the replacement of its CEO, CNBC reports
** Savage tells CNBC he would be willing to take over as CEO of Celsius
** CELH's current leadership had lost credibility with investors - Savage
** He currently holds more than 12 million Celscius shares, or about 4.7% of the company, he tells CNBC
** On Thursday, co reported quarterly results that missed Wall Street estimates
** As of last close, stock down 42% YTD

 (Reporting by Koyena Das from Bengaluru)
 ((Koyena.das@thomsonreuters.com))