When you look at China and overrun Ji is all power. Division caught fire last year, but its stock has sold off the rest of the market in recent months. Do you think this fell from 4,040% from its January highs to lows earlier this month, before recovering a bit in recent weeks? This morning, though, the company reported a strong quarter of positive full year forecast despite of all the tariff turmoil, and that's why the stock rallied over 3% today. So are you getting a good entry point down here? Let's take a closer look with Scott. He's the CEO of GE Bornova to find out. Mr. Jason welcome back to Mad Money Jim.
Thanks for having me. Okay. Full year, full year. And it looks like things are coming along pretty good. No question. Good. First quarter. Print margin. Expansion in all three businesses. Strong cash. Flow returned over $1 billion of cash to our shareholders and real opportunities to grow from here. Backlog, expansion across the business and more to come.
I read all the different reports of so many different companies that here's something I never see. We are sold out, largely sold out for 26 and 27. You really have that much to me.
Gas turbines. We most certainly do. We're sold out for 26 and 27. We're filling out for 28 right now and starting to take orders for 2029 and having commercial discussions for 2030.
Well, that's better than aerospace.
We've got a real opportunity to serve here.
Now, one of the things that I know, and you were very clear, you do have tariff exposure 300 and 400 million. And you're going to mitigate it. But what you also could be when I see that you say the most populous country in the world, India, are 1.5 billion, but they need electric. They have coal. Saudi Arabia needs it. I started thinking that maybe you're a solution to the tariff problem. Not actually one of the things that's hurting us.
No question. At the heart of the tariff dynamic is trade imbalances. And as 70 countries come in and start negotiating with the US government, they can stop in Greenville, South Carolina, and we can do a gas turbine transaction. They can stop in Wilmington, North Carolina, and we can work through our SMR business, Pittsburgh, Pennsylvania, for our grid equipment, and we'll help with that trade imbalance.
It does seem like the old days. What you would do, you know, Larry Culp runs GE aerospace. But the only thing is what you used to do. You used to call up Boeing or GE and say, listen, we got a trade imbalance. We're in a problem here with the United States. We want to give you some big orders. And they would get it. It looks like these orders could go to GE Renova.
We've got a real opportunity to serve these markets. I mean the US is a priority for us in all of these markets. But we've got opportunities in other places and gas Saudi Arabia is our second largest market today. You think about our grid business. Europe is a big piece of the equation. But with wind, we're excited with what we can do in India, what we can do in Romania. There's global opportunities here across the board.
Right now. Scott, one of the things that occurred to me when I first met you, I was very bullish on nuclear. You tried and you correctly said, listen, Jim, Jim, please don't get ahead of yourself. When I spoke to you this morning, it was the first time that I felt that you were ahead of me in terms of what could happen.
Nuclear things are moving fast. The reality in the last 90 days, we've had a lot of productive conversations with both the hyperscalers on what it takes to move this to the left. The administration, they clearly care on moving nuclear in the right direction. In the U.S, we'll have multiple applications into the Nuclear Regulatory Commission in the next few months, and then it's going to come down to how long does it take to get licenses to construct approved? If we can get that done in 12 to 18 months, we've got a real shot here.
If we have the Department of Interior, if we have the Department of Energy behind you, then I have to believe the NRC, which is historically slow. And look, we want them to be thorough, but we don't necessarily have them need to be slow. You could be getting approvals. And I understand for TVA it's happening right now.
Will TVA will have their application into the NRC next month and then we're off to the races from there. I mean, Secretary Rice, Secretary Burgu, have been very available and accessible for us to partner on our steps forward. We're already in construction on the first plant. It's just in Canada. We need to get the first plant in construction in the US, and I'm highly confident we're going to get there.
Now, when I look at what you're doing with the you mentioned the hyperscalers, I think that they you're really kind of their hope there. Now look, we all want we want solar, right? We love solar. We love wind. But in the end they have to come back to you, don't they?
