Can potential energy be negative? Explain
Yes, potential energy can be negative.
When you throw a stone up in air, it gains positive potential energy (m g h) considering ground as origin.
Planets being in gravitational field of Sun, have negative potential energy.
Negative potential energy just signifies that the planet is bounded and requires similar energy from outside to get freedom from the gravitational field of Sun.
Same is the case with electrons bounded to atoms in Quantum Physics.