Jim Cramer’s 9 Failed Predictions From 12 Months Ago

4. Celsius Holdings Inc. (NASDAQ:CELH)

Number of Hedge Fund Holders: 33

Cramer brought up Celsius Holdings Inc. (NASDAQ:CELH) in that same older episode as part of his deep dive into the energy drink space. Cramer concluded that he prefers the company over its competitor, Monster, saying:

“From mid-March to late April, the stock lost more than 30% of its value… largely because Celsius announced an amended distribution agreement with PepsiCo… nobody knew exactly what it meant. I sure didn’t. But the analysts assumed more compensation for PepsiCo — bad news for Celsius. Stock dropped 8.5% on the news. […]

Celsius continues to take market share in the energy drink category, reaching 11.4% by the end of the first quarter, up a full point from Q4 and up 4 points year-over-year. That’s huge. […]

Here’s the bottom line: Monster saw a small bounce… mostly because it also announced a big buyback. I’m not particularly impressed with the latest numbers. Celsius… gave us a noisy quarter that masked the true strength of the business… The stock’s still down about 18% from its highs. I think this is a very good entry point… You want to own shares of the company that’s taking market share like Celsius, not the one losing share like Monster. And when it comes to taste… Count me in as a Celsius drinker, only after four cups of coffee.”

Unfortunately for Cramer, Celsius plummeted 53.49%, making it one of his worst misses in the group.

Celsius Holdings Inc. (NASDAQ:CELH) develops and markets functional energy drinks, often touted as fitness-focused alternatives to traditional energy beverages. Jim Cramer tried to reiterate his bullish stance earlier in February, saying:

“But my surprise booking is Jonathan Fieldly on Monday. And he is Celsius. Which is up gigantically. Because they’ve made a fantastic acquisition. I like Jon very much, the group has been under pressure but he’s been a great long-term performer and I do think that this is going to be back! A storied stock! It would be Palantir.”

“Yes, the Alani Nutrition. A lot of people don’t seem to know but the numbers are spectacular. Makes it a little healthier company. Jon is, some people feel is a promoter. I think he is an operator. That’s different. Promoter and operator.”