a handful of construction and electric vehicle companies saw shares surge on monday—with analysts predicting further gains ahead—after the house of representatives passed its 1 trillion infrastructure bill over the weekend a host of wall street analysts from firms including jefferies baird stifel and evercore isi all identified several companies in particular that are likely to see substantial earnings growth and surges in stock price the biggest beneficiaries of the bill according to analysts include construction equipment makers like caterpillar and deere shares of which both rallied over 3 construction material producers like vulcan materials and martin marietta materials meanwhile are also set for “strong pricing momentum” thanks to the bill according to jefferies analysts who predict doubledigit earnings growth rates ahead shares of asphalt maker astec industries rose nearly 14 on monday for instance while steel makers nucor and us steel both gained around 3 or more the infrastructure bill also earmarked billions for the nation’s first ever network of electricvehicle chargers as well as electric school buses and ferries which should provide a “significant” boost to companies in that sector according to analysts at evercore isi shares of electricvehicle charging companies surged on monday chargepoint holdings rose by 13 volta by 19 blink charging by 26 and evgo by 35 with industrials and materials stock widely rallying on monday the global x us infrastructure development etf which tracks companies in the sector rose 13 to a new alltime high construction and materials companies will see strong earnings in the next few years as the newly passed infrastructure bill adds to a “strong demand environment” baird analysts said in a note to clients “investors have waited for a significant stepup in infrastructure spending for decades” citi analysts similarly wrote “we view this generational investment as a significant catalyst for growth” the need for infrastructure spending has been a heated talking point in washington dc for years with discussion dating back to both the obama and trump administrations investors that have bet on infrastructure spending were finally rewarded last week when the house passed a 1 trillion infrastructure package and sent it to president joe biden’s desk after months of bipartisan debate the bill commits 550 billion in new federal spending to improve highways bridges and roads expand broadband internet access and other projects including electric vehicles everything in the 1 trillion infrastructure bill new roads electric school buses great lakes restoration and more forbes