A panegyric is a poem or speech written in praise of a person, event, ideal, or institution. It usually offers formal, elevated admiration rather than simple compliment, and may celebrate a ruler, hero, patron, or public occasion.
In poetry, a panegyric often uses lofty language and generous praise to honor its subject.
Example
You lifted winter from the village well,
A steady hand that taught our bells to ring;
We praise the road where your bright footsteps fell,
And keep your name like dawn inside the spring.