Is dark energy evolving?

We look for evidence for the evolution in dark energy density by employing Principal Component Analysis (PCA). Distance redshift data from supernovae and baryon acoustic oscillations (BAO) along with WMAP7 distance priors are used to put constraints on curvature parameter Omega_k and dark energy parameters. The data sets are consistent with a flat Universe. The constraints on the dark energy evolution parameters obtained from supernovae (including CMB distance priors) are consistent with a flat Lambda-CDM Universe. On the other hand, in the parameter estimates obtained from the addition of BAO data the second principal component, which characterize a non-constant contribution from dark energy, is non-zero at 1-sigma. This could be a systematic effect and future BAO data holds key to making more robust claims.