What Is Alani Nu and Is Its Growth Causing Celsius Stock to Plunge?

Move over Celsius Holdings (NASDAQ: CELH), there's a new growth story in the energy drink space. Alani Nu is an energy drink with similar branding to Celsius that only launched in 2018. And it's clear that the latter is outgrowing Celsius (and others) by a mile.Alani Nu is owned by privately held Congo Brands, which means that retail investors don't have access to precise and up-to-date numbers from the company. But there have been peeks behind the curtain every now and then.For example, Alani Nu is headquartered in Louisville, Kentucky, and Louisville Business First listed it among the fastest-growing businesses in the area. According to this publication, Alani Nu grew revenue by an astounding 271% in 2021, reaching $228 million.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool