Monster Energy stock has gained more than 30% in the past year, and now has more than $7 billion in assets under management, according to Bloomberg data.
The stock is up from $1.10 a share in March.
That’s more than double the average of more than 50% for the benchmark.
But it is still more than twice as much as the S&P 500’s average gain for the same time frame, which is about $1,400.
It is the biggest jump since the year-earlier trading period, when Monster surged about 1%.
“We are in the midst of a renaissance, as you all know,” Jefferies analyst Matt Fickett told Bloomberg.
“And we’re seeing all the upside in this stock.”
The stock has rallied nearly 25% since March, with record highs set on Monday and Tuesday.
The rally was fueled by investor enthusiasm for Monster Energy stocks, particularly those in the fuel cell, electric vehicle and battery sectors.
Monster Energy has a market cap of about $9 billion, according the Bloomberg data, up from about $3 billion last year.
It has outperformed the S & P 500’s index in three of the past four quarters.
The company’s stock is expected to rise more than 4% next week, according for FactSet.
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