Proper light is essential for the formation and development of macrofungi fruiting bodies. Currently, there are unclear treatment conditions, such as light quality and light intensity, in the production of Pleurotus eryngii in intensive cultivation facilities, which is not helpful to the formation and implementation of standardized production programs. The research discussed in this paper investigated the effects of different light quality and intensity conditions on the yield and quality of P. eryngii. The results showed that the yield and nutritional quality of the red light treatment samples were higher than those of the white light control, the commercial properties were good, and the energy consumption of the red LED light source was the lowest under the same light intensity. The results of this experiment further provide a reference for the energy-saving and high-quality cultivation of P. eryngii.